Finally, a financial planning guide with helpful information you need in one place.
Here’s what you need to know.
If you want to know the latest rates for your major financial planning needs, here is a helpful summary.
There are many different retirement plans that range from 401k’s through your employer to after-tax vehicles such as Roth IRAs. Here are the latest contribution limits for each type of retirement plan:
Here are the latest income tax brackets and tax rates for single taxpayers, head of households, married individuals filing joint tax returns and married individuals filing separate tax returns.
Income Tax Deductions
The latest tax deductions and credit include everything from the standard deduction to the child tax credit:
Student Loans: Deductions and Tax Credits
Many borrowers ask what is the best way to pay off student loans. Borrowers also ask if they qualify for tax deductions and tax credits for student loans. Here are the latest student loan interest deductions and student loan tax credits, including the Lifetime Learning Credit, American Opportunity Tax Credit, and the Education Loan Deduction:
Estate and Gift Tax
Here are the latest estate and gift tax exclusions, credits, exemption and tax rate:
Health Savings Account (HSA)
A Health Savings Account (HSA) is an account that allows you to contribute pre-tax dollars to pay for medical expenses. Here are the latest deductibles, out of pocket amounts, and contribution limits:
If you use a vehicle for business, charitable or medical purposes, you may be entitled to a tax deduction. Here are the latest standard mileage rates:
This article was written by Zack Friedman from Forbes and was legally licensed by AdvisorStream through the NewsCred publisher network.