Ask Kim

Obamacare Penalties to Double for Uninsured in...

What is the penalty for not having health insurance? Will it be the same for 2016?The penalty for not having health insurance in 2015 is $325 per adult and $162.50 per child under 18 (with a total family maximum...

Get a Tax Break for Donating Your Time-Share

I want to get rid of my time-share. Can I donate it to charity and get a tax deduction? --R.C., Ogden, Utah Yes, if you can find a charity that is willing to take it. But you have to be careful. In some cases,...

How to Stop Telemarketing Calls

I've been getting a lot more telemarketing calls recently, even though I signed up for the Do Not Call Registry a few years ago. Do I need to renew my number on the list? Registration in the Federal Trade...

The Rules for Making Penalty-Free Withdrawals...

I have a 401(k) and a 457 plan from jobs I left many years ago. How old do I need to be to withdraw the money without a penalty? You generally must wait until age 59½ to withdraw money from a 401(k) or 403(b)...

How Spouses Can Share the Benefits of...

How does a shared-benefit rider for long-term-care insurance work? How much does it cost? A shared-benefit rider gives you and your spouse a pool of long-term-care benefits to split between the two of you....

How to Write Off Medical Expenses on Your Taxes

2015 has been a rough year. I've had multiple surgeries and a couple ER visits, in addition to all our regular copays for doctor visits and prescription drugs. And it's only July! Can I at least look forward to...

How to Deduct Medical Expenses on Your Tax Return

2015 has been a rough year. I've had multiple surgeries and a couple ER visits, in addition to all our regular copays for doctor visits and prescription drugs. And it's only July! Can I at least look forward to...

Self-Employed? Get Tax-Free Retirement Income...

I'm self-employed and have a solo 401(k). I've been making tax-deductible contributions to the plan, but is it possible to make Roth contributions instead? I earn too much to contribute to a Roth IRA. Yes, you...

Paying Health Insurance Premiums From a Health...

I'm leaving my job and keeping my employer's health insurance through COBRA until I start my new job in a few months. Can I pay the COBRA premiums from my wife's flexible-spending account or from a health savings...

Can I Write Off My Kid's Summer Camp on My Tax...

My son goes to camp for most of the summer, and his babysitter picks him up and watches him until I come home from work. Can I take the child-care credit for these costs? If you pay for the day camp and a...

Next Page >
Provided by Kiplinger

Stories & Features

Investing

28 Best Mutual Funds for Your Retirement Savings

Saving for retirement in a company 401(k) plan is a smart choice. Not only can you put away thousands...

Spending Wisely

3 Savvy Ways to Save on Your Next Restaurant Meal

We all love to eat at restaurants with great service and delectable food. But how do you indulge...