Can I take money out of my 401k for having a baby?

A hardship distribution for a new child should be treated as a rollover, but with three years to pay it back instead of only 60 days.

Can employers match ROTH 401k plans?

Secure 2.0 section 604 now allows employers to match your ROTH contributions directly into your ROTH 401k.

Why Do I Owe Taxes on My Inheritance?

When you make withdrawals, you will get a 1099-R at the end of the year and you need to report it as retirement income, even if you are not retired, even if you had taxes withheld.

But I Already Paid the Taxes on That! – Taxes Held Out on Payments

Do I have to report payments on my taxes when the taxes were held out? Am I paying the taxes twice? How to report gambling, 401k, settlements, and more.

Are Roth IRA withdrawals taxable?

Withdrawals from a Roth IRA can be taxable in some situations. Learn what is taxable and subject to penalty before you take money out.

Can I deduct my home improvement expenses?

Can I deduct my home improvement expenses? Let’s see how selling your home is taxed and what to do now to minimize future taxes.

Gambling Winnings on Form W2-G

Gambling winnings. When you win more than a few hundred on the lottery or at the casino, you have to pay taxes on it. Learn how here.