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How Much to Invest in an Immediate Annuity

I'm 72 and I have a very small pension. I'd like to buy an immediate annuity to supplement my income. How do I figure out how much I should invest in the annuity? A good way to calculate how much to invest is to...

Paying Money-Management Fees From Your IRA

I may turn my IRA over to a money manager who charges a 1% annual fee. Can that money come directly from the IRA without triggering taxes or a penalty? I am under 59½. Yes, the management fee can be deducted...

How to Claim Overlooked Tax Breaks from...

When I was filing my taxes this year, I discovered that I could have qualified for the American Opportunity Credit for my daughter's college tuition in 2012 and 2013, too. Is it too late to claim this credit for...

When to Expect Your 2014 Tax Refund

I just filed my taxes. When will I get my refund? It depends on how you filed. You'll usually receive your refund about three weeks after e-filing or six weeks after the IRS receives your paper return. You can...

How to Track Down Unclaimed Assets

While I was cleaning out the basement, I found an old American Security and Trust savings passbook with about a $900 balance from more than 40 years ago. The bank doesn't exist anymore. How can I find out if the...

Get a Tax Deduction for All That Snow Shoveling

I run a small business out of my home, where I occasionally meet with clients and often receive deliveries. Every time it snows--including twice this week--I pay $20 to the kid next door to shovel. Can I deduct...

Tax Deductions for Contributions to 529...

If I contribute $10,000 to a 529 college-savings plan this year, can I deduct it all on my state income tax return for 2015? It depends on your state. Thirty-four states and the District of Columbia offer an...

How an Obamacare Error Made Your Taxes Even...

Is it true that the government sent 800,000 people inaccurate tax forms reporting health insurance information? How do I know if I'm affected by this, and if so, what should I do? What you heard is true. As if...

4 Tax Breaks for College Costs

My son started college last year. Do I qualify for the American Opportunity Tax Credit, and how much is it worth? The American Opportunity Tax Credit is worth up to $2,500 per student for each of the first four...

Beware This ID Theft Scam

I received a dunning letter from a collection agency demanding $158. I've always paid my bills on time, and I don't recognize the charge. I checked out the supposed creditor, and the company seems to be out of...

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