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Tag Archives: Tax Savings Tips

Deadline Approaches for Mandatory IRA Withdrawals

By Jason Alderman Reaching your 70th birthday is a momentous cause for celebration. But thanks to a quirk in our tax code, a potentially more important milestone arrives six months later. That’s because IRS rules say that, with a few exceptions, you must begin taking required minimum distributions (RMDs) from any IRAs, 401(k) plans and other tax-deferred retirement accounts you own beginning in the year you reach age 70 ½  …Read More

Energy-Efficiency Tax Credits Expire Soon

By Jason Alderman Senior Director, Global Financial Education, Visa, Inc. If you haven’t already jumped on the home energy-efficiency bandwagon, the good news is that several federal energy tax credits originally slated to end in 2010 were extended through December 31, 2011; but the not-so-good news is that these credits are worth significantly less and are more restrictive than before. All is not lost, however, since several additional credits (outlined …Read More