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Leigh Russell Leigh Russell

Congress Ended a Tax Break. How That May Help Higher Earners.

Many retirement savers are furious about a law that took effect in January, and at first glance it’s easy to see why.

The provision, enacted in late 2022, denies a key tax deduction to workers aged 50 and older who had $145,000 or more in wages the prior year. They’ll no longer be able to put “catch-up” contributions into traditional 401(k) or similar plans…

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Leigh Russell Leigh Russell

When It Pays to Hire a Tax Pro

Despite how easy commercial tax software has made it to file by yourself, the growing complexity of tax filing is convincing more Americans to pay someone for help.

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