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I Have a Below-Average HSA Balance For My Age. Can I Fix That?

Health Savings Accounts or HSAs help offset your out-of-pocket healthcare costs when you have a high deductible health plan (HDHP). Because of all the tax advantages that come with the account, it's a great strategy to save for medical expenses … Continue reading → The post Average HSA Balance By Age appeared first on SmartAsset Blog.

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Hooray, tax season is over. Did you avoid these red flags for the IRS?

Although only one out of 500 tax returns is audited, resisting the temptation to fudge a bit here and there is far better than the pain of an audit.

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5 Ways Taxes Could Ruin Your Retirement Savings — and What To Do

Many things can be considered the enemy of retirement savings; but among these, taxes have to be near the top of the list. After you have worked hard to save and grow a retirement nest egg, it can...

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Kansas House loudly blocks tax compromise backed by Kelly. What happens next is unclear

The Kansas Legislature is all but certain to adjourn for several weeks beginning Friday without passing a major tax package.

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Income Tax FY2025: Here's how to make a switch between new and old tax regimes

Income tax new fiscal year: Individual taxpayers can make a switch from the Old Tax Regime to the New Tax Regime as many times as they want. But that's not the same for individual taxpayers with business income.

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Nobody likes paying taxes, but Kansas debate will shape fiscal health for years to come

Republicans recently announced their support for a dual rate plan. This plan would exempt up to $7,000 in income from taxation.

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Ask an Advisor: I'm 60 With $65k in Pension Income and $100k in My IRA. Is a Roth Conversion Worth It?

I'm 60 and I would like to convert some money from my regular IRA to a Roth. I'm aware that the earnings are subject to penalty before five years but I won't need that money until at least age 70. Is it advisable to do so? My annual income from a pension is $65,000 and […] The post Ask an Advisor: I'm 60 With $65k in Pension Income and $100k in My IRA. Is a Roth Conversion Worth It? appeared first on SmartReads by SmartAsset.

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