My wife and I are retired. In 2025 I would like to sell some stocks but pay minimum income tax. Our SS and pension income is around $50K. Is there a maximum income bracket that would be beneficial for us not to exceed?
This year I converted a traditional IRA to a Roth IRA so I will need to pay taxes on that amount. Which form will I expect to receive and does your software support the use of that form? I am hoping I can use FreeTaxUSA rather than paying an individual to prepare my 2024 tax return. Thank you!
I have a traditional IRA that I wish to roll into a Roth. I have an existing Roth, but want to roll it over to a new Roth. Will that trigger a new 5-year withdrawal penalty or does it go by the date I made the original old Roth which is 10 years ago?
Up until last year I was paying her spousal support. I did take the deduction for those payments. Our divorce was finalized in 2016 to add context to my question
I do not get a W2 or 1099.
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If I take money from my 401(k) and pay taxes on it, do I have to pay taxes on it again and claim it on my income tax
What are the tax pros and cons of opening a Roth IRA for an older teen? Or should the teen open their own if/when possible? And is there a better IRA than Roth for trying to get a kid started on saving/retirement?
My spouse passed away in 2024 after an illness, we normally would file joint but he had a payout on his Retirement plan that would push my income over the limit for Marketplace insurance and income for SS. If I file single or head of household I would still be over about 10K on the Market place income before deductions as…
i converted traditional to roth IRA. however given my income, i already paid taxes on the income i contributed. how does tax filing works in my case
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