Converting a $640k 401(k) to a Roth IRA: Can I avoid taxes?

Converting a $640k 401(k) to a Roth IRA: Can I avoid taxes?

Sep 4, 2024 | News to Note

From Smart Asset – By Mark Henricks –  Converting a 401(k) to a Roth IRA can potentially provide valuable long-term benefits, but it also triggers a tax bill that you’ll need to plan for. While the taxes on a Roth conversion can’t be avoided, savers can reduce the...
Tax payments by undocumented immigrants study released

Tax payments by undocumented immigrants study released

Jul 31, 2024 | News to Note

A Report from the Institue on Taxations and Economic Policy – July 30, 2024 –  Key findings: Undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022. Most of that amount, $59.4 billion, was paid to the federal government while the...
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