general

Can a retired person open an IRA account?

You are eligible to open an IRA if you are retired. That being said, you can no longer contribute to a traditional IRA once you reach the age of 70 1/2. D...

Aug 28, 2026 • 1 READS

general

How do I pay tax on a pension withdrawal?

You’ll only have to pay tax if you opt to take an amount over this 25% threshold. In this case any income you take will be added to the rest of your taxab...

Aug 28, 2026 • 1 READS

general

What amount do I have to file taxes on?

Single: If you are single and under the age of 65, the minimum amount of annual gross income you can make that requires filing a tax return is $12,200. If...

Aug 28, 2026 • 1 READS

general

Can I open a Roth IRA for my adult child?

Roth IRAs make great gifts for children and teenagers because they can take full advantage of time and compounding. You can give a child a Roth by establi...

Aug 28, 2026 • 1 READS

general

Should I refinance my mortgage if I plan on selling in 10 years?

No one should refinance unless the time frame it takes to recapture the closing costs on a refinance is sooner than the time in which they plan to sell th...

Aug 28, 2026 • 1 READS

general

Do you have to report business loan on taxes?

Not usually. In fact, most loans are generally not considered taxable income because it’s money that you’re paying back. The main exception is if some or ...

Aug 28, 2026 • 1 READS

general

Can part time employees be W-2?

W2 employees may be either salaried or hourly and either full time or part time with a consistent schedule (generally biweekly, semimonthly, or weekly). A...

Aug 28, 2026 • 1 READS

general

What should I claim on my W-2 if single with 1 child?

You can claim 2 allowances if you are single with one child. That is if you are single and have one dependent who is your child. However, if someone claim...

Aug 28, 2026 • 1 READS

general

What makes a small business owner successful?

Confident, Enthusiastic, and Passionate Successful small business owners are good at inspiring those around them whether that is clients, employees, busin...

Aug 28, 2026 • 1 READS

general

Does freelancer need work permit?

If you are interested in immigrating to the United States to do freelance or self-employed work, then you must obtain a work visa. Someone who works in th...

Aug 28, 2026 • 1 READS