A backdoor Roth IRA is a strategy that allows high-income earners to bypass the ordinary income limits on Roth contributions and get money into a Roth IRA account. The strategy is called a “backdoor” ...

Explore the meaning of "basis" in finance, focusing on its tax implications and role in investment transaction. Learn how it ...

A Roth conversion can change your retirement for the better, but only if done correctly. These are some costly conversion ...

nondeductible contributions you made to traditional IRAs; distributions from traditional IRAs, if you have a basis in these IRAs; conversions from traditional IRAs to Roth IRAs; and distributions from ...

Do you know what a W-2 is? The IRS opening 2026 tax season later this month, and you will need your W-2 to start the ...

Here's when tax season begins and ends, what to know before you file and a list of some new tax breaks that were introduced ...

Tax season officially begins on Monday, Jan. 26, when the IRS starts accepting and processing 2025 federal tax returns.

The new year means tax season is upon us. Here's what you need to know about filing taxes in 2026, including deadlines, ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

If you filed on paper last year you'll have to print them out yourself or ask for them, and they won't include all the supplemental forms You can save this article by registering for free here. Or ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

JEFFERSON CITY, Mo. (AP) — To tax tips or not? That is a question that will confront lawmakers in states across the U.S. as they convene for work next year. President Donald Trump’s administration is ...