One of the main pitfalls of the Backdoor IRA is the famous "pro-rata rule". This rule requires that all of a taxpayer's ...

Avoid a single $200,000 lump sum. Spreading it over two years — say something as simple as gifting $100,000 this December and ...

Income: Your modified adjusted gross income (MAGI) must be less than $175,000 if filing individually. Married couples filing jointly can both claim the deduction if both spouses are 65 or older ...

My wife and I are both retired. I am 77 and she is 74. We are both in good health and stay active with hiking and yoga. We have equities, bonds and cash worth $1.6 million. We get $4,500 a month from ...

LXP Industrial Trust ('LXP”) (NYSE:LXP), a real estate investment trust focused on Class A warehouse and distribution real ...

Married couples filing jointly can have a modified adjusted gross income of up to $400,000 to claim the full $2,200 credit. Other filers are capped at a MAGI of $200,000.

The measure is often referred to as the SALT income tax deduction. (SALT stands for “state and local taxes.”) It allows ...

It takes less income to be in the top 1% this year than last, reflecting broader economic cooling and easing inflation.

Understanding how your state taxes retirement income — including pensions, withdrawals and Social Security — can help you budget and find the best community for you. See our comprehensive list ...

How To Use Our Affordability Calculator Buying a home is a daunting task and is one of the biggest—if not the biggest—investments you’ll make. About 74% of home buyers take out a mortgage, according ...

In 2025, the maximum Social Security benefit is $5,108. Here is what you would need to do to get such a large check.

In a financial landscape often dominated by fleeting headlines and market noise, a quiet titan of the American economy has once again delivered a performance ...