Tax Tips
Home and Family Taxes
ROTH Tax Hit | ROTH Tax Hit |
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I've got a money in CDs that I'm tired of paying taxes on every year. I've not been keeping up w/ my ROTH deductions (contribute to 401K at work). I'm thining of converting some of the CD money, say 5$K for starters, even though I may need it in less than five years. I know I can w/d the principal at any time w/o penalty but what are the penalties on the profits Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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