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  2. Retirement’s Best Kept Secret: The Annual Saver’s Tax Credit

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    voluntary after-tax employee contributions made to a qualified retirement plan (including the federal Thrift Savings Plan) or 403(b) plan, contributions to a 501(c)(18)(D) plan, or

  3. 8 New or Improved Tax Credits and Breaks for Your 2020 Return

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    The earned income tax credit underwent several increases in 2020. First, you can now have up to $3,650 worth of investment income for the year and still qualify for the EITC. Second, the maximum...

  4. IRS Tax Brackets: Here’s How Much You’ll Pay in 2021 on What ...

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    For tax year 2020, the standard deduction rises from 2019 levels to $12,400 for single filers, $24,800 for married filing jointly, $12,400 for married filing separately and $18,650 for heads of...

  5. IRS Tax Brackets: Here’s How Much You’ll Pay in ... - AOL

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    For tax year 2020, the standard deduction rises from 2019 levels to $12,400 for single filers, $24,800 for married filing jointly, $12,400 for married filing separately and $18,650 for heads of...

  6. What Are the 2020-2021 Federal Tax Brackets and Tax Rates?

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    The standard deduction for joint filers increases by $300 over 2020 levels to $25,100 in 2021. For individuals, it rises by $150 to $12,550. As mandated by the Tax Cuts and Jobs Act, the personal...

  7. Retirement Taxes Deadline: Required Minimum Distributions ...

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    Under current rules, individuals whose 70th birthday was June 30, 2019 or earlier did not have an RMD for 2020, but are required to take one by Dec. 31 this year. Those who had their 70th birthday ...

  8. Retirement Stimulus: See If You Qualify for the $2,000 Saver ...

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    Depending on the adjusted gross income reported on your Form 1040 series return, the amount of the credit is either 50%, 20% or 10% of the following: Contributions you make to a traditional or Roth...

  9. New IRS Life Expectancy Tables Could Change the Amount of ...

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    The new tables “give you about one to two years more in life expectancy,” Slott said. CNBC used this example: Under the new uniform life table, a 75-year-old would use 24.6 as their factor. If the...

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