Roth IRAs are funded with after-tax dollars and can provide tax-free income after age 59 1/2. Money from a traditional IRA ...

Why timing matters: Indirect rollovers have a strict 60-day deadline, and missing it can trigger taxes and penalties. Forms you’ll need: Form 1099-R reports distributions, while Form 5498 confirms IRA ...

IRS reporting focus: Form 1099-R remains central for withdrawals, rollovers, and loan defaults, with distribution codes guiding how transactions are taxed. Major 2026 updates: Higher limits, expanded ...

When you take money from your 401(k) through a withdrawal, rollover or loan default, the IRS requires specific reporting on ...

Roth IRAs are less common than traditional IRAs overall, but IRS data shows they’re used more often for new contributions Sabrina Karl has over two decades of experience writing about savings, CDs, ...

Qualified withdrawals from a Roth IRA really are federally tax-free, but the word "qualified" does heavy lifting. Miss a detail on any one of several overlapping IRS rules and you can end up owing ...

Financial advisers typically recommend that retirement savers should split contributions evenly between traditional, tax-deferred 401(k)s or individual retirement accounts and their after-tax Roth ...

The deadline for filing your taxes is fast approaching, and if you're doing a mad dash to assemble the necessary forms, all those numbers and letters – W-2, W-9, 1099 – can quickly overwhelm you. Some ...

Joan R. Roth was born in Aurora on March 31, 1940 and passed away on March 20, 2026. She was preceded in death by her parents John Ralph Roth and Mary Jeannette High Roth. Joan is survived by her two ...

It is with a profound sense of loss that we announce the passing of Janet R. (Roth) Schmidt on March 21, 2026. Janet was born to William and Fern M. (Dang) Roth on September 10, 1941 in Detroit, ...

The deduction stacks on top of other tax savings for seniors. Seniors need to understand the full implications of the new deduction to make informed choices about taxes. The 2026 tax filing season is ...