Q&A
Asked by Stankey
Answered by Danelle Chung
CFP® in Austin, TX
The age 55 property tax exemption in California is still available. However, both the original property (former residence) and its replacement must be located in the s...
Q&A
Asked by Preeti
Answered by Christopher Nesbitt
Insurance Agent in San Clemente, CA
Reduce your income! Preeti, there's too much missing info here to actually help you. Can you be more specific?
Q&A
Asked by Erin
Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA
Check out the first time homebuyer prgarms available through the Louisiana Housing Corporation at http://www.lhfa.state.la.us/programs/homeowner ship/first_time_homebu...
Q&A
Asked by Suzee
Answered by Kirby Thomas PRO+
Online Life Insurance Comp in San Diego, CA
Hello Suzee. I was asking the same question years ago. I run a small business and so I’m always looking for a way to reduce taxes. I went with the traditional IRA (T/I...
Q&A
Asked by an anonymous user
Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA
It’s hard to determine the answer without knowing more details of your particular situation, but the IRS addresses this question at http://www.irs.gov/Help-&-Resources...
Q&A
Asked by an anonymous user
Answered by Ken Perine
Certified Financial Planner in Livermore, CA
If you would like to lower your taxes for 2014, you don't have much time left to get that IRA opened before the deadline, which is the date you file your 2014 tax retu...
Q&A
Asked by an anonymous user
Answered by Helen Barbre Stephens
Financial Adviser in Fort Worth, TX
The EITC requires earned income, which includes any self-employment income. You may qualify based on your overall income, but you won't if you don't have earned incom...
Q&A
Asked by an anonymous user
Answered by Sheena Hogue
Insurance Agent in Chicago, IL
Hi, Whenever you withdraw funds from pre taxed accounts ie. Traditional IRA, 401(k), 457(b), or 403(b) you have to pay taxes. Your tax rate depends on your taxable...
Q&A
Asked by Debra
Answered by Kim Miller PRO+
CFP® in Redmond, WA
Hi - What are your sources of retirement income and how does the total stack up against the income you were receiving while working? Most people have a lower income ...
Q&A
Asked by an anonymous user
Answered by Pamela J. Horack, PRO+
CFP® in Lake Wylie, SC
Since you and your wife are still working, you may be able to open a Roth IRA, which could be advantageous, but you would still be limited as to the total amount you c...
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