Tax

When is the tax period for 2025, how can you get an extension?

by
When is the tax period for 2025, how can you get an extension?

The IRS 4868 form, “Application for extending the time for filing an individual income tax statement” is seen here. Credit – Robert D. Barnes – images of Getty TThe last day to file your taxes is quickly approaching. As such, you can be curious about whether you are eligible to extend the tax and how … Read more

Should I start converting $ 120,000 a year from my IRA of $ 1.2 million to Roth at the age of 60?

by
Should I start converting $ 120,000 a year from my IRA of $ 1.2 million to Roth at the age of 60?

Smartastit and Yahoo Finance LLC can earn a commission or revenue through links in the content below. If you are 60 years old with $ 1.2 million saved for retirement in traditional IRA, you may start thinking about the necessary minimum distributions (RMD) and the huge annual tax account they can create after you are … Read more