Ask Kim

How to Sidestep Required Minimum Distributions...

[QUESTION]Is it true that you have to take RMDs from Roth 401(k)s, even though no taxes are due? Can I roll over the money from the Roth 401(k) to a Roth IRA to avoid having to take RMDs?[ANSWER]Yes to both...

Boost Your Social Security Benefit Every Month...

[QUESTION]I just finished reading 6 Reasons to Work Past Retirement Age, which says that for every year you delay taking your Social Security benefits past full retirement age, you get a bump of 8% in your...

Selling Jointly Owned Stock After the Death of...

[QUESTION]My wife has passed away, and I would like to sell some stock that we held jointly. How will the gains be taxed when I sell the shares?[ANSWER]If you and your wife owned the stock as joint tenants with...

Does the IRS Owe You Money?

[QUESTION]I read that April 18 is the deadline to get a tax refund from previous years. I think I may be owed money from 2013. How do I claim a refund?SEE ALSO: 10 Smart Uses for Your Tax Refund [ANSWER]The IRS...

When to Toss Tax Records

[QUESTION]How long do I need to keep my tax records in case I get audited? Are there some records I should keep longer?SEE ALSO: 17 Red Flags for IRS Auditors [ANSWER]It's a good idea to keep your returns...

When to Get Private Mortgage Insurance Dropped

[QUESTION] I've been paying more than $1,000 every year for private mortgage insurance on my home. When can I ask for the PMI to be dropped? --S.S., Salt Lake City, Utah[ANSWER] If you took out your loan after...

How to Deduct Medical Expenses on Your Tax Return

[QUESTION]What are the rules for deducting medical expenses on my tax return?[ANSWER]Many medical expenses that you pay out of pocket for yourself, your spouse and your dependents may be tax-deductible, but you...

Using an HSA With an FSA

[QUESTION] I am covered by a high-deductible health insurance policy, and my husband has health insurance through his employer. He has a flexible spending account at work, and I would like to have a health...

How to File an Amended Return to Claim an...

[QUESTION]When I was preparing my taxes this year, I realized that I could have qualified to claim the American Opportunity Credit for my daughter's tuition since she started college (she's a senior now). Can I...

How to Report a Tax-Free Transfer From an IRA...

[QUESTION]I transferred my required minimum distribution from my IRA to charity in 2016, and I am wondering how to report the transfer on my tax return. Do I need to keep any records from the transfer?SEE ALSO: 6...

Next Page >
Provided by Kiplinger

Stories & Features

Investing

Roth IRAs: A Great Tool for Investors Looking...

One of the best things a financial adviser can do for you is provide strategies that can help preserve...

Spending Wisely

Guide to Scoring the Best Deals in 2017

Follow our tips and save big on shopping, home, tech, travel -- and even ways to make money on your...