If you have an IRA, you’ll receive Form 5498 Reviewed by Ebony Howard Fact checked by Vikki Velasquez IRS Form 5498: IRA Contribution Information is a tax form to report Individual Retirement ...

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 26, 2022 – December 30, 2022 ...

IRS form 8888 allows you to directly deposit part or all of your tax refund in an IRA. You can file a tax return claiming a tax deduction for an IRA deposit before the money is in the account as ...

With many federal employees unexpectedly losing their jobs, now is a good time to review some essential tax rules.

plans and IRA distributions but not pensions. There's a lot of nuance, however: Even states that tax retirement income will offer some form of tax relief for retirees — whether it's a tax cap ...

Even if it wasn't an early withdrawal, however, you'll have to report the distribution on your income tax return and file Form 8606 to document the withdrawal. When it comes to inherited IRAs ...

Tax season is the perfect time to review your Roth IRA contribution strategy. While Roth IRAs offer incredible tax advantages, they come with specific rules that can trip up even savvy investors.

Few people would complain about receiving an inheritance, including one in the form of an IRA ... a traditional IRA, this can create serious federal or state income tax consequences.