Roth IRA for Self-Employed and Irregular Income
If you work for yourself or have gig jobs where you earn money from different sources, you qualify for a Self-Employed Roth IRA.
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Tax Refund Magic: Your Journey to Financial Freedom!
We get a little bonus from the government – Tax Refund!
Let’s talk about how we can use that refund to not just feel good now, but also set ourselves up for a better future.
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How to Request IRS Penalty Relief
IRS understands that life can be unpredictable, and sometimes events occur that prevent taxpayers from meeting their tax responsibilities on time. Here is how to request IRS penalty relief.
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What Happens If You Don’t Pay Your Taxes?
Tax Penalties! Interest and Penalties Start Immediately If you don’t pay your tax bill in full by Tax Day (tax filing due date), the IRS will charge interest on the outstanding amount. Additionally, you may face a late-payment penalty (sometimes called a “failure-to-pay penalty”) of 0.5% per month, with a maximum penalty of 25% of your unpaid taxes. Notices Start to Arrive
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California Government Benefits: Empowering Families with Monthly Cash Assistance
California government benefit CalWORKs is a vital welfare program that offers a monthly cash benefit and essential services to eligible needy families across all 58 counties in California.
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Benjamin A. Gilman International Scholarship: Unlocking Opportunities for Students
The Gilman International Scholarship Program is a fantastic opportunity for students with limited financial resources. Let’s break it down:
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Retirement Plans: Types of IRAs
There are several kinds of IRAs, each with different rules regarding eligibility, taxation, and withdrawals. Let’s get it!
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Traditional IRA vs Roth IRA: Here is the comparison
Summary Traditional IRA Roth IRA Contribution Limit For 2024 $7,000 ($8,000 if 50 and older) per year $7,000 ($8,000 if 50 and older) per year Tax Deductible Contribution Yes No Income Limit to Contribute No Yes Required Minimum Dstribution (RMD) Yes, after age 72 No Withdrawal Taxable as income Not taxed Early Withdrawal Taxable and
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Waiting For 2024 Child Tax Credit Payment?
Understanding the 2024 Child Tax Credit In 2024, there’s talk about changing the Child Tax Credit to help families more.The House said yes to a plan that could let parents get more money based on their income. But, the Senate hasn’t decided yet, so we don’t know if it will really happen. Some states are
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Texas Medicaid: Your Guide to Affordable Health Coverage
What Is Texas Medicaid? Texas Medicaid is a program that helps provide medical coverage to people who need it.It’s a partnership between the state of Texas and the federal government. Here’s what you need to know: Purpose The main goal of Texas Medicaid is to improve health.It’s there to make sure that Texans get the medical care they need,
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