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I have a pension-sharing order after my divorce - how much can I take tax-free?
1+ hour, 24+ min ago (1818+ words) A reader wants to understand the rules for taking money from his NHS pension In our weekly series, readers can email in with any questions about retirement and pension savings to be answered by our expert, Tom Selby, director of…...
The Hidden 401(k) Tax Bomb That Hits a $1. 3 Million Saver With $19, 800 in Their First RMD Year
2+ hour, 3+ min ago (531+ words) $1. 3 M traditional 401(k) triggers $49, 057 RMD at 73, pushing $36 K Social Security 85% taxable, totaling $19, 800 first-year tax bill. Roll to IRA and use $10 K-$20 K qualified charitable distribution to reduce taxable income before RMDs begin in 2026. This scenario surfaces constantly in retirement forums: someone in…...
The Inherited IRA 10-Year Rule Is Fully Enforced In 2026 - What Beneficiaries Need To Do Now
3+ hour, 14+ min ago (86+ words) Zero Hedge - On a long enough timeline, the survival rate for everyone drops to zero...
New IRS Guidance Addresses SECURE 2. 0 Long-Term Care Distributions
4+ day, 8+ hour ago (414+ words) The Internal Revenue Service (IRS) on Wednesday issued guidance, Notice 2026-33, that clarified the disclosures required for qualified long-term care distributions from defined contribution (DC) plans. It also extended the deadline for plan amendments for plans permitting distributions for long-term care premiums....
Gross Income: Definition and How to Calculate It
2+ week, 5+ day ago (527+ words) We believe everyone should be able to make financial decisions with confidence. While we don't cover every company or financial product on the market, we work hard to share a wide range of offers and objective editorial perspectives. However, these…...
AICPA submits nearly 200 recommendations for IRS guidance plan
1+ week, 2+ day ago (525+ words) The AICPA submitted almost 200 comments to the IRS this week regarding its 20262027 Priority Guidance Plan, encouraging the agency to concentrate on 10 areas and to continue pursuing tax simplification. In Notice 2026-23, the IRS sought recommendations for its plan, which it uses…...
Vivek Ramaswamy plans to phase out Ohio income taxes
5+ day, 8+ hour ago (1064+ words) If elected governor, Republican Vivek Ramaswamy plans to phase out Ohio's income tax over an eight- to 10-year period, starting with his first budget, according to new details shared with the statehouse bureau. By laying out a vision for reaching…...
Tenn. man says he tried to return a $20, 000 IRS error " then got charged interest
15+ hour, 56+ min ago (19+ words) KOAA News 5...
8 State-Level Tax Changes Retirees Need to Watch Before the End of May
12+ hour, 54+ min ago (822+ words) Florida continues adjusting homestead exemption rules that directly affect retired homeowners. Local counties sometimes revise assessment practices that increase taxable property values. Retirees who rely on fixed incomes often feel pressure when even small increases hit annual tax bills. Some…...
Do Australians really work 'half the week' for the tax man?
6+ hour, 52+ min ago (870+ words) Daily News for Informed Investors Monday, 25 May 2026 Chris Minns reckons some Australians were now working half of the week just to pay their income tax. Is that really true? The next federal election in 2028 looks set to be a battle…...