If you are considering investing in mutual funds at the close of the year be sure to verify the time it pays its capital gain distribution. www.serveplumbing.com serveplumbing serve plumbing Website serve plumbing com It’s not a great idea to pay tax on gains you didn’t like. –Read more
Take note of Your Retirement Savings
The IRS has set limits on how much you can contribute to retirement accounts that get special tax benefits. For 401(k)s, those limits this year are $19,500 or up to $26,000 if you’re fifty or older at the close of the year. For IRAs that are IRAs, the limits are $6,000 or $7,000, depending on your age.