Jun 11, 2025 · Saving for retirement can also lower a taxpayer's AGI. Certain contributions to a retirement plan at work and to a traditional IRA may also reduce taxable income.

Aug 29, 2025 · Tax information for seniors and retirees, including typical sources of income in retirement and special tax rules.

The Code also provides that several retirement-related amounts are to be adjusted using a variation of the methodology used for the cost-of-living adjustments under section 1(f)(3). After …

If you receive retirement benefits in the form of pension or annuity payments from a qualified employer retirement plan, all or some portion of the amounts you receive may be taxable …

Dec 31, 2023 · Individuals must pay an additional 10% early withdrawal tax unless an exception applies. Use Form 5329 to report distributions subject to the 10% additional tax on early …

Information on the 457 (a) plan, including what organizations can establish the plan, how it works and the advantages of participating in the plan.

Tax planning is for everyone. Get ready today to file your federal income tax return. Planning ahead can help you file an accurate return and avoid delays that can slow your tax refund. The …

Retirement saving tips for individuals These articles contain basic information about planning for retirement and understanding your employer’s retirement plan.

It is never too early to begin planning for retirement. Individual retirement accounts provide tax incentives for people to make investments that can provide financial security when they retire.

Find out about required minimum distributions on your retirement plan under Internal Revenue Code sections 401 (a) (9), 408 (a) (6) and 408 (b) (3) and how much and when to withdraw.