The Massachusetts Senate has voted to freeze the state’s income tax rate at the current 5.15 percent while gradually increasing the earned income tax credit for low-income working families.
Your 50s. These are typically your prime earning years, as well as the decade when retirement begins to come within view.
Children are the innocent bystanders in a divorce.
In order to take advantage of tax credits, you need to know what’s available.
If you haven’t planned well for retirement you may find yourself coming up short.
The more money you have saved the more options you will have in retirement.
Treat Social Security benefits as a bonus, not your main source of income.
According to the National Council on Aging, more than 13 million older adults are considered economically insecure, living on less than $22,000 a year.
Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
Almost half of all elderly unmarried females rely on Social Security for 90% or more of their income.