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If the idea of tax-free growth throughout your lifetime sounds attractive to you, then using a Roth 401k could be one of the most valuable parts of your retirement savings strategy. But given all the other choices you have with the money you're
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Unemployment figures may be improving, but young people today still face a tough road summers and after graduation. Even professional school isn't the job offer bonanza it once was. That can make offering kids a job in the family business almost a
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Once the sting of the new 2 percent payroll tax hike began to hit workers in January, there was at least one silver lining to soften the blow: Buried deep within the revamped American Taxpayer Relief act was a provision that would let a lot more
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Many individuals are waking up to the charm of humble bank deposits. According to investment consultants, several investors, especially those in the lower tax slabs, have started to find the higher interest rates of 6 to 7% offered by some banks on
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In 1913, the 16th Amendment to the Constitution was ratified by three-fourths of the then-48 states. Stop me if you have heard this one, but the federal income tax was pushed by progressives who felt the rich should pay their fair share. They
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There are only a few more days left of tax season, and even if you plan on filing an extension, you may still need to hit the April 15 deadline when it comes to your IRA contributions. The IRS rules surrounding IRAs can be tedious, so now is a good
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The Obama proposal comes as a clear disappointment to anyone who believed that the resolution to the fiscal cliff crisis at the beginning of the year would prove to be the last word on the tax front, but for those who want to see further revenue
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I focus on tax policy, court decisions and planning opportunities...Ryan's budget sought to completely eliminate the deficit by 2023. It did so by conceding no additional tax revenue over the next decade while slashing spending over that same period
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Retirees have become increasingly dependent on Social Security for the bulk of their retirement income. Yet even though most retirees have few other sources of income and rely on their retirement savings to supplement Social Security, current tax
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A holiday not only helps you take a break from your busy work life, but helps you save on taxes. This is by means of an allowance called Leave Travel Allowance, or LTA as it's popularly known. Most employers offer LTA as part of the employee's salary
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