Overlooked tax breaks for new college grads

Kiplinger Washington editors, Kevin McCormally, and Chief Content Officer •
Kiplinger

Because federal tax law reaches deep into all aspects of our lives, it’s no surprise that the rules that affect us change as our lives change. This can present opportunities to save or create costly pitfalls to avoid. Being alert to the rolling changes that come at various life stages is the key to holding

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Most-overlooked tax breaks for new parents

Kiplinger Washington editors, Kevin McCormally, and Chief Content Officer •
Kiplinger

Because federal tax law reaches deep into all aspects of our lives, it’s no surprise that the rules that affect us change as our lives change. This can present opportunities to save or create costly pitfalls to avoid. Being alert to the rolling changes that come at various life stages is the key to holding

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Tax glossary: tax terms you need to know

Kiplinger Washington editors, Kevin McCormally, and Editorial Director •
Kiplinger

Just click on the letter below to find the word for which you are looking. 0-9 A B C D E F G H I J K L M N O P Q R S T U V W 0-9 401(k) plan An employer-sponsored retirement savings plan that allows employees to divert part of their

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Paying taxes on a home sold after a spouse’s death

Kimberly Lankford, Contributing Editor, and Kiplinger's Personal Finance •
Kiplinger

[question]My husband died last year, and I’m selling our home. Do I still get to exclude $500,000 of home-sale profits from taxes, or am I limited to the $250,000 exclusion for singles? [answer]Surviving spouses may exclude $500,000 of home-sale profits from taxes if they sell the house within two years of their spouse’s death, as

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Harvest your tax losses throughout the year

AIFA®, chairman, Russ Hill CFP®, Halbert Hargrove Global Advisors LLC, and CEO •
Kiplinger

Summer just ended: Why am I writing about tax-loss harvesting? Tax-focused articles tend to proliferate at the end of the year. These reminders are often helpful. Unfortunately, many investors end up thinking that tax-loss harvesting can be managed handily in December, as they make last-minute trades to balance out capital gains with losses for better

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