Breaking into a retirement plan before age 59½ may result in a penalty tax. But there are exceptions. Here are the rules, along with what happened to one taxpayer who tried to avoid the penalty because he had diabetes.

Why is it a good idea to file a tax return early? Here’s the answer to that and other filing season questions you may have.

As any parent of a college student knows, higher education is expensive. Fortunately, there are some tax breaks for eligible parents.

Have you heard ads on TV telling businesses how they can claim a huge Employee Retention Credit? It might be possible for some employers but it also might be too good to be true.

Want to save more for retirement? You might be able to with the many changes in a new law signed on Dec. 29, 2022.

Are you contributing enough to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for 2023.

Owners of pass-through businesses may be able to save tax with the valuable QBI deduction by taking certain steps at year-end.

You may spend decades building up your traditional IRA but there comes a time when you must start taking withdrawals. Here are answers to frequently asked questions about required minimum distributions.

The end of the year is a good time to examine your portfolio for tax purposes. Here are some strategies that may save you taxes.

Many people like to give thanks at this time of year by donating to their favorite charities. Here are the basic 2022 rules for charitable contributions and gifts to loved ones.