Property transferred to an irrevocable living trust does not count toward the gross value of an estate. Such trusts can be especially helpful in reducing ...

The IRS will send you a CP12 notice if it catches a miscalculation on your tax return. The CP12 notice is actually good news because it means you are gett...

Compensation paid to Pennsylvania residents employed in New Jersey is not subject to New Jersey Income Tax under the terms of the Reciprocal Personal Inco...

All property that a couple acquires during marriage is considered marital, or community property in California. A couple’s community property must be divi...

To “live within your means” means that what you spend each month is less than or at least equal to the amount of money you bring in each month. For many p...

Preferred stocks can make an attractive investment for those seeking steady income with a higher payout than they’d receive from common stock dividends or...

age 59½ Once you reach age 59½, you can withdraw funds from your Traditional IRA without restrictions or penalties. Do you have to be a certain age to wit...

If someone calls you and asks for your Medicare Number or other personal information, hang up and call us at 1-800-MEDICARE (1-800-633-4227). If you suspe...

seven years A 30-day late payment stays on your credit report for seven years, at which point it will automatically drop off your credit report and no lon...

The IRS allows penalty-free withdrawals from retirement accounts after age 59 1/2 and requires withdrawals after age 72 (these are called Required Minimum...