Latest articles by Rocky Mengle
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Deposit Your Tax Refund Directly Into an IRA or Other Account – It's Easy!
tax refunds If you're getting a tax refund this year, don't feel like it all has to be deposited into an ordinary bank account.
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How to Get Your Tax Refund Faster
tax refunds The IRS already has a huge tax return backlog. Fortunately, there are a few things you can do to speed up your tax refund.
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2021 Tax Returns: What's New on the 1040 Form This Year
tax filing If you're a last-minute filer, familiarize yourself with potential changes for your 2021 tax return before tackling your 1040.
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A Charitable Trust With Many Benefits for Retirees
Charity You can use a charitable remainder trust to help support causes you love and leave money to heirs in a way that mimics the old "stretch" IRA.
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Tax Deadlines Extended for Victims of Recent Storms, Flooding and Related Disasters in Washington
Tax Breaks FEMA's recent disaster declaration opens door for extended federal tax filing and payment deadlines for victims of the November storms, flooding, landslides and mudslides in Washington.
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When Can You File Your Taxes This Year?
tax filing If you're an early bird when it comes to filing your tax return, you won't have to wait much longer before the IRS will accept your return.
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Colorado Wildfire Victims Get More Time to Pay Taxes
Tax Breaks Certain tax filing and payment deadlines are extended for residents and businesses impacted by the Colorado wildfires that started in December.
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Tax Deadlines Extended for Alabama Storm and Flooding Victims
Tax Breaks Federal tax filing and payment deadlines are extended for victims of the October 6 storms and flooding in Alabama.
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Will Monthly Child Tax Credit Payments Be Renewed in 2022?
Tax Breaks There will be more child tax credit payments this year if the Build Back Better Act is signed into law. But will the bill get through Congress?
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Tax Relief Available for Arkansas, Illinois, Kentucky and Tennessee Tornado Victims
Tax Breaks The IRS is granting people and businesses impacted by the December storms and tornadoes more time to file and pay certain federal taxes.
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Final Child Tax Credit Payment Opt-Out Deadline is November 29
Tax Breaks The due date for opting out of the December 15 monthly child credit payments is almost here. Missing the deadline could cost you in the long run.
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5 Year-End Moves to Help Retirees Trim Their Tax Bill
taxes The end of the year is a great time to start thinking about next year's tax bill. Here are some strategies on how to reduce what you will owe Uncle Sam.
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An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks
required minimum distributions (RMDs) If you're age 72 or older, take your required minimum distribution now to avoid a big penalty or a double-dip next year.
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Child Tax Credit Payment Deadline: Get Up to $1,800 Per Child If You Act Today
Tax Breaks There's only a few hours left for people who normally don't need to file a tax return to sign up for an advance child tax credit payment.
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Child Tax Credit 2022: How Next Year's Credit Could Be Different
Tax Breaks President Biden wants to extend the enhancements made to the 2021 child tax credit – but with some important differences.
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Your Final Child Tax Credit Payment Can Be Adjusted for Income Changes (But There's a Deadline)
Tax Breaks If your income has gone up or down this year, consider adjusting your final monthly child tax credit payment. But you need to act soon.
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The RMD Solution to the Hassle of Filing Estimated Taxes in Retirement
required minimum distributions (RMDs) If you don't need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS.
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When Retirees Need to File an Amended Tax Return
tax returns Realizing that you made a mistake after filing your tax return can be panic-inducing for retirees (or anyone else). But don't stress. You may not need to file an amended return.
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COVID-19 Home Test Kits and PPE are Tax Deductible
Tax Breaks You can also pay for home testing kits and personal protective equipment with FSA and HSA funds.
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Tax Relief for Hurricane Ida Victims Extended to Feb. 15
Tax Breaks People and businesses in Connecticut, Louisiana, Mississippi, New Jersey, New York and Pennsylvania impacted by Hurricane Ida get more time to file and pay certain federal taxes.
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Tax Deadlines Extended for Tennessee Flood Victims
Tax Deadline Residents and businesses impacted by the recent storms and flooding in Tennessee get more time to file and pay certain federal taxes.
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Tax Relief Available for California Wildfire Victims
Tax Breaks Following FEMA's recent disaster declaration, residents and businesses impacted by the California wildfires get more time to file and pay taxes.
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I Have Shared Custody of My Child: Should I Get Monthly Child Tax Credit Payments?
Tax Breaks Which parent receives monthly child tax credit payments depends on your most recent tax return. Plus, some parents who are receiving payments should opt-out of them.
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How to Change Your Address for Monthly Child Tax Credit Payments
Tax Breaks If you're receiving paper checks in the mail for your child tax credit payment, you can use the IRS's online portal to update your address.
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