Category: IRAs
I wanted to share a new noteworthy follow-up to the IRS’s 2021 federal tax filing deadline extension to May 17. The IRS has now officially announced that the HSA …
While completing my taxes in prior years, I started noticing that I would have a not insignificant tax bill due from self-employment and side project income unless I found …
This is the third installment in a multi-part series on retirement accounts for self-employment income. We previously covered SEP IRA and Solo 401K basics. In this post, we’ll cover …
I recently did some in-depth research on SEP IRAs, SIMPLE IRAs, and Solo 401Ks for personal use for my side self-employment income and wanted to cover the primary questions …
The Saver’s Tax Credit details below have been updated for the 2020 and 2021 tax years. What is the Saver’s Credit? The Saver’s Credit (aka the ‘Retirement Savings Contribution …
The IRS has announced the 2021 maximum IRA contribution limit, which is the max you can contribute to your IRAs in a given calendar year. The 2021 maximum IRA …
Every time I think I have maximized my retirement savings in a given year, I discover a new way to push it even further. This time, it’s the after-tax …
