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Don’t miss out on the “saver’s credit”

*The saver’s credit, also called the “retirement savings contributions credit,” is a tax break designed to encourage you to make contributions to your traditional and Roth IRAs and certain other qualified retirement plans — including your 401(k). *You apply the … Continue reading

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Decide when to pay tax on U.S. savings bonds

When you own Series EE or Series I savings bonds, you have a tax decision to make. Both types of bonds earn interest monthly. Usually, you’ll choose to defer paying any taxes on the interest until the bond reaches final … Continue reading

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Use adjusted tax numbers for 2012 planning

The IRS is required by law to adjust certain tax numbers each year. Here are some of the adjusted numbers you’ll need for your 2012 tax planning. STANDARD MILEAGE RATE for business driving remains at 55.5¢ a mile. Rate for … Continue reading

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