Taxes

Choosing to live in a state that doesn’t tax retirement income can help you preserve your savings for longer when you’re aging. Taxes aren’t the sole factor you should consider. Other expenses, such as property taxes, can negate what you save. Your desired lifestyle, access to healthcare, and proximity to loved ones should be factored […]

The best advantage that retirement brings is that you no longer need to be tied down to your job. Retirees can take this opportunity to relocate anywhere they want. That is why you may see many retirees relocate during their senior years. When choosing a state for your retirement, it is important to consider the […]

The Internal Revenue Service (IRS) just released updated information about the tax brackets for 2022. The new brackets have been adjusted for inflation, which has spiked up drastically during the pandemic. The 2022 income tax brackets will have the largest increase since Congress totally revamped the tax code in 2017. Existing Tax Brackets Bumped by […]

Under Internal Revenue Service (IRS) rules, taxpayers with active student loans are entitled to special deductions. These deductions apply to the interest paid on the loan in a given year. They help borrowers reduce the lifetime cost of their student loans by putting hundreds of dollars back into their pockets. However, the rules and the […]