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Homeowners, Skip Small Damage Claims

A pipe burst in my house and caused water damage in my living room. I know that insurance companies sometimes increase premiums after a water-damage claim. What should I do? --S.H., Washington, D.C. The answer...

How to Reduce Next Year's Tax Bill Now

My husband retired from the military last year and started a new job. I just filed our tax return and was surprised that we owed money because of his military pension. What can we do to avoid owing a lot of money...

Rules for Converting Money From a Traditional...

I just read your Reducing RMDs article, in which you advised the reader to start converting money from a traditional IRA to a Roth IRA. I thought you had to have earned income to be able to contribute to a Roth...

Which States Won't Tax My Retirement Income?

I'm thinking about moving to a new state when I retire and would like to find a state that won't tax my retirement income. Which states have no income tax? Seven states do not impose an income tax: Alaska,...

Should I Contribute to a Roth or Traditional...

My wife just started a new job that offers a Roth 401(k). Neither of us has worked for a company that offered this option before, and we earn too much to contribute to Roth IRAs. Should she contribute to the Roth...

Retirees, Reduce Your RMDs with a Roth Conversion

I turned 65 this year. I am retired and living on my pension. I will have to take required minimum distributions from my IRA when I turn 70 1/2. How should I reinvest the RMDs from my IRA to reduce the taxes on...

How to Get Health Coverage Overseas

My son is in his late twenties and plans to teach in China. What should he do about health insurance? --G.M., Sacramento, Calif. Domestic health insurance provides only limited coverage outside of the U.S. The...

Calculating the Cost Basis of Inherited Stock

I inherited stock from my dad, who passed away on a Saturday in 2010. I sold the shares in 2014, and I am trying to figure out the cost basis for my taxes. When stepping up the cost basis, do I use the price from...

Tracking Down Missing Savings Bonds

I am pretty sure my parents purchased a $500 savings bond for my daughter when she was born. Unfortunately, they have passed on, and I don't know where it is. How can I check to see if there is one out there? ...

Don't Throw Away These Tax Records

I just filed my tax return for 2014. Which records should I keep, and which ones can I get rid of? I've kept all of my tax files for the past several years. The IRS generally has up to three years after the...

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