Wealth Management

Damircudic | E+ | Getty Images The tax deadline is approaching and there’s still time to score a deduction with a pretax individual retirement account contribution — if you qualify. For 2023, the IRA contribution limit was $6,500, plus an extra $1,000 for investors age 50 and older. That increased to $7,000 for 2024, with
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Halfpoint Images | Moment | Getty Images Some retirement savers can still snag an extra tax incentive for 2023. However, most eligible filers don’t claim it, according to the IRS. The retirement savings contribution credit, or “saver’s credit,” can help low- to moderate-income filers offset part of the funds added to an individual retirement account,
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Mstudioimages | E+ | Getty Images Social Security beneficiaries who owe money to the Social Security Administration may see much lower default withholding rates from their monthly checks, thanks to new policies that are going into effect. As of March 25, the Social Security Administration will no longer collect 100% of a total monthly Social
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