You likely have a lot of things to do between now and the end of the year, such as holiday shopping, donating to your favorite charities and planning get-togethers with family and friends. For older taxpayers with one or more tax-advantaged retirement accounts, as well as younger taxpayers who’ve inherited such an account, there may
401k
Dec 10, 2025
Nov 18, 2021
Thinking about participating in your employer’s 401(k) plan? Here’s how it works
- By Joan Ellenbogen
- Retirement, Taxes
- 0 Comments
Interested in participating in a 401(k) plan offered by your employer? Under a 401(k), you have the option of setting aside a certain amount of your wages in a qualified retirement plan. By making this election, you’ll reduce your gross income, and defer tax on the amount until the cash (adjusted by earnings) is distributed
Feb 18, 2021
2021 individual taxes: Answers to your questions about limits
- By Victor Dozzi
- Taxes
- 0 Comments
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your 2020 individual tax return is due to be filed in less than three months (unless you file an extension). However, it’s a good idea to acquaint yourself with tax amounts that