Monthly Archives: March 2012

Does this April 2 deadline apply to you?

If you reached age 70½ last year, April 2, 2012, could be an important deadline. That’s the last day you can take your required minimum distribution (RMD) for 2011 from your traditional IRAs. If you miss that deadline, the penalty … Continue reading

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Be diligent about saving your tax records

You’re probably getting ready to sort out last year’s financial records and prepare for this year’s recordkeeping. But what should you keep and what can you throw away? Here are some suggestions. * Keep records that directly support income or … Continue reading

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Some deductions are available even if you don’t itemize

If you’ve given up itemizing deductions, you’re not alone. These days over half of all taxpayers find they’re better off using the standard deduction. But even if you take the standard deduction, you can also deduct some individual expenses on … Continue reading

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