When you turn 65, the IRS offers you a tax benefit in the form of an extra standard deduction for people age 65 and older.

You've clocked out of work for the last time, and you're ready to kick off your retirement in style. Umbrella drinks, ...

While most Americans look forward to a retirement filled with relaxing moments, accountants warn that unless you’re prepared, the months leading up to April 15 may feel very different. April 15, ...

It’s been said that only two things in life are certain: Death and taxes. So, when choosing where to retire in the U.S., state taxes may come to mind. While some states have no income taxes, they may ...

Emily DiNuzzo is a writer and former full-time journalist whose work has appeared in Reader's Digest, INSIDER, and Well + Good. She continues to pursue her passion for writing and personal finance, ...

Workers can reduce their tax bill by saving for retirement in tax-advantaged accounts. Traditional retirement accounts offer an immediate tax deduction, while Roth accounts provide tax-free income in ...

A handful of states don’t impose any income tax at all, while a few states specifically exempt most forms of actual retirement income. Meanwhile, most states don’t tax any Social Security retirement ...

The transition to retirement — going from a steady paycheck to living on a fixed income or pension — can be difficult to navigate. In addition — with inflation, tariffs and potentially soaring rates — ...

Distributions from retirement savings accounts and Social Security income are taxed differently in most states. Even in states that do tax retirement income, it’s possible that senior residents will ...

Most people understand that paying taxes is just part of living in a civil society. Still, forking over this money is a drag. Never even mind the fact that it's money you could personally put to ...