Retirees face several unique challenges when managing their income, particularly when it comes to taxes. From understanding how taxes relate to Social Security and Medicare to determining when to tap...
Individual income tax numbers: adoption credit, savers credit, kiddie tax, alternative minimum tax, charitable deductions, child tax credit, earned income tax credit, classroom expenses, foreign earned nicome, medicare tax, nanny...
According to a March 2021 survey, an estimated 2.8 million Americans ages 55 and older decided to file for Social Security benefits earlier than they expected because of COVID-19. This...
U.S. home prices rose 20% during the 12 months ending in August 2021 as buyer demand far exceeded the supply of dwellings for sale. This was the largest annual price...
During your working years, you're accustomed to living on an income from your job. When you retire, the income from employment ends. Social Security provides a steady income, but it...
As families grow in size and overall wealth, a desire to "give back" often becomes a priority. Cultivating philanthropic values can help foster responsibility and a sense of purpose among...
Adoption credit Adoption credit 2021 2022 Maximum credit $14,440 $14,890 Phaseout threshold amount $216,660 $223,410 Completed phaseout amount after $256,660 $263,410 Alternative Minimum Tax (AMT) Maximum AMT exemption amount 2021 2022 Married filing jointly or surviving spouse $114,600 $118,100 Single or head of household $73,600 $75,900 Married filing separately $57,300 $59,050 AMT income exemption phaseout threshold 2021 2022 Married...
American Opportunity and Lifetime Learning Credits Education credits 2021 2022 Maximum American Opportunity credit $2,500 $2,500 Maximum Lifetime Learning credit $2,000 $2,000 MAGI phaseout range for American Opportunity credit 2021 2022 Single--phaseout threshold amount $80,000 $80,000 Single--completed phaseout amount after $90,000 $90,000 Married filing jointly--phaseout threshold amount $160,000 $160,000 Married filing jointly--completed...
No matter what your age or stage of life, targeting a goal for monthly retirement income can seem like a daunting task. Following are four considerations to help you get...
