If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum distributions. This is the minimum amount you must
If you plan to sell your home at a profit, you may assume there won't be a tax to pay on the sale. In most cases, this is a pretty good assumption due to the $250,000 exclusion of gain tax break on the sale of a principal residence ($500,000 exclusion
If you use part of your home as an office and take deductions for related expenses on your annual tax return, can you claim a valuable federal tax break when you sell? Specifically, can you claim the home sale gain exclusion of up to $250,000 for single taxpayers ($500,000 for married
