IRA retirement contributions – 10 tax tips

IRS.gov – This year, you have a few extra days to make contributions to your traditional Individual Retirement Arrangements. That’s because Emancipation Day, a legal holiday in the District of Columbia, will be observed on Friday, April 15, 2011, which moves the due date for filing your tax return and making contributions to your 2010 […]

Early distribution from retirement plans – tax facts

IRS.gov – Some taxpayers may have taken an early distribution from their retirement plan last year. The IRS wants individuals who took an early distribution to know that there can be tax consequences for tapping your retirement fund. Here are ten facts about early distributions from your retirement plan: 1. Payments you receive from your […]

Retirement Savings Contributions Credit – How to claim

IRS.gov – You may be eligible for a tax credit if you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement (IRA). Here are six facts the IRS wants you to know about the Savers Credit: 1) Income Limits – The Savers Credit, formally known as the Retirement Savings Contributions […]

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