Thursday, February 1, 2024

Retirement: Caring for a loved one? New bill in Congress would provide tax relief

Advertisement

Read in browser

Retirement

Thu Feb 1 2024

Caring for a loved one? New bill in Congress would provide tax relief

A woman using a walker is assisted by a caregiver.

A bi-partisan bill being introduced Wednesday would provide up to $5,000 in a federal tax credit for family caregivers.

Advertisement

Los Angeles Chargers safety Derwin James dances with a woman at the dance party he hosted at GenSpace, a community center for the older population in Los Angeles.

Hotbed of retirees: These states have the oldest populations on average

Maine and Florida are home to a large population of baby boomers and both rank among the top 5 states in the US with the oldest -population.

How's your work-life balance?

A 20% pay cut for work-life balance isn't a great idea. Here's why.

A recent survey says 52% of workers worldwide would take a 20% pay cut for work-life balance. Advisers say it may ruin your retirement. Here's why.

The regular tax filing due date of April 15 remains the same, though some tax-return preparers have sought a delay. At any rate, taxpayers can receive automatic six-month extensions to Oct. 15, as before.

How to tap workplace retirement funds without a tax penalty

The passage of the Secure 2.0 Act made it easier for people to dip into tax-deferred savings funds for emergencies. Here's a breakdown.

Unionized staff at Condé Nast walk the picket line during a 24-hour walk out amid layoff announcements, in front of the Condé Nast offices at One World Trade Center New York City on January 23, 2024. The strike comes after Condé Nast said it would lay off approximately 5% of its staff, some 300 employees. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) ORIG FILE ID: 1948280744

TDM: 'When will I retire?' Earlier than you think

What's to stop us working past 70? A lot, it turns out.

Sign up for the news you want

Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you.

SEE ALL NEWSLETTERS ➔

Advertisement

Follow Us

Problem viewing email? View in browser

Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)