So, you’re filing taxes after your first year of retirement, feeling good about your anticipated refund. Now that you’ve switched from your salary to a pension, you must be paying significantly less ...

Can where you live affect how much of your retirement income you keep? As a matter of fact, it can. A small number of U.S. states are very tax-friendly to begin with, while the majority of states are ...

When you live in America, one thing you've likely come to accept is the tax system. There are taxes on your income, products and services you buy, property you own, inheritance you receive, and ...

Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn. Prior ...

Most people understand that paying taxes is just part of living in a civil society. Still, forking over this money is a drag. Never even mind the fact that it's money you could personally put to ...

When their working days eventually come to an end, many retirees will think about the best place to spend their golden years. Not all states treat retirement income – such as pension payouts or ...

The good news is that most states don’t tax any Social Security income. But larger pensions and retirement accounts are subject to at least some taxation. Everyone remains subject to the same federal ...