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4 Benefits of Filing Taxes Early 02/08/2023 07:00pm • For millions of Americans, there is no getting around the need to file an annual tax return. And if you need to file a tax return, you might as well get it done early. "The IRS encourages people to file early so you get your refund earlier," says Joanna Powell, a CPA and managing director in the Bos How to Take Required Minimum Distributions 02/08/2023 07:00pm • After years of delaying income tax on your 401(k) and individual retirement account contributions, you must finally pay the tax bill in retirement. Distributions from 401(k)s and traditional IRAs become required after age 73, and you owe income tax on each withdrawal. Here is how to take required mi How to Avoid IRS Tax Refund Delays in 2023 02/07/2023 07:00pm • The past three years have been challenging for the IRS. COVID-19 shutdowns, last-minute tax law changes and staffing issues led to a notorious backlog of returns to process. National Taxpayer Advocate Erin M. Collins' 2022 annual report to Congress, released on Jan. 11, 2023, reported that the IRS s Arlington's Wakefield High reopens with extra security presence 02/06/2023 07:18pm • Wakefield High School in Arlington, Virginia, reopened Monday with extra security, because of what the principal called "concerning social media posts circulating." In a message to the school community Sunday, Principal Chris Willmore said Arlington police will provide increased patrols around th A Guide to Tax Deductions for the Self-Employed 02/06/2023 07:00pm • Are you self-employed and wondering how to maximize your tax deductions for tax year 2022? Here's a look at 15 of the best tax write-offs you don't want to miss: -- Qualified business income.-- Mileage or vehicle expenses.-- Retirement savings.-- Insurance premiums.-- Office supplies.-- Home office 10 Tax Breaks for People Over 50 02/06/2023 07:00pm • Once you turn 50, and especially after age 65, you can qualify for extra tax breaks. Older people get a bigger standard deduction, and they can earn more before they have to file a tax return at all. Workers over 50 can also defer or avoid taxes on more money using retirement and health savings acco 10 Ways to Reduce Taxes on Your Retirement Savings 02/05/2023 07:00pm • There are a variety of tax deductions and credits available to people who save for retirement. Contributing to a retirement account, such as a 401(k) or individual retirement account, can help you reduce your tax bill. You may be able to defer paying income tax on your retirement savings until retir Teen dies after suspected overdose at Arlington high school 02/03/2023 11:55am • A teen who authorities believed overdosed in an Arlington County, Virginia, high school bathroom earlier this week has died, police said. The teenager died in the hospital Thursday, police said. Investigators are now conducting a death investigation and the Office of the Chief Medical Examiner wi Every 2023 Tax Deadline You Need to Know 02/02/2023 07:00pm • In 2023, taxpayers will be required to file their federal income tax returns by April 18 -- or file for an extension. For those who own their own businesses, are self-employed or need to take other special tax considerations into account, however, there are plenty of other important dates to remembe The 20 Most Stressful Jobs 02/02/2023 07:00pm • Top stressful jobsAll jobs include some level of stress. Some of the most stressful jobs are attractive because they make a difference in people's lives, include high pay or offer something else worthwhile.Find out where your job falls on the list and how it compares with other high-stress careers f Prince William County schools project $1.6 billion budget, 5% employee raises 02/02/2023 04:46am • This article was written by WTOP’s news partner InsideNoVa.com and republished with permission. Sign up for InsideNoVa.com’s free email subscription today. Prince William County Schools is proposing a $1.6 billion budget for fiscal 2024 that would grant employees step and cost-of-living-adjus The Most Tax-Friendly States to Retire 01/30/2023 07:00pm • Reduce your retirement tax bills.Retirees can help their savings last longer by moving to a place with lower taxes. These states don't tax Social Security or pension income. However, they have very different property and sales tax rates, which should also be taken into consideration, according to da Why Tax Refunds May Be Smaller in 2023 01/30/2023 07:00pm • Last year's tax refunds were supersized for many families. Economic impact payments, an increased child tax credit and expanded eligibility for other tax breaks helped boost the average refund to $3,039 in 2022, a 7.5% increase from the year before. Now, many pandemic-related enhancements to tax cre The Best Places to Retire in Mexico 01/30/2023 07:00pm • Mexico is home to more North American expat retirees than any other country in the world. Retirement south of the border couldn't be more convenient. It's one of few overseas retirement destinations that you can pack up and move to in your car. Mexico and these cities in particular offer a low cost 17 Things You Need to Know About Annuities 01/30/2023 07:00pm • With the retirement playing field littered with crushed investments and dreams, especially in the wake of a global pandemic, the safety of guaranteed income streams looks more attractive each day. Some annuities can provide such a guarantee. Annuities are among the most commonly misunderstood and mi