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Using a 529 Plan for High School

[Question]What are the rules for withdrawing money from a 529 college-savings plan to pay for high school expenses? - E.L., Oakland, Calif. [Answer]Federal law now allows you to withdraw up to $10,000 tax-free...

Reporting Charitable IRA Distributions on Tax...

[Question]I transferred part of my required minimum distribution directly from my IRA to charity, which should be a tax-free charitable distribution and not included in my adjusted gross income. The problem is...

When You Can Expect to Receive Your Tax Refund

[Question]I just filed my income tax return. When will I get my refund?[Answer]The IRS usually issues refunds within 21 days after you e-file, or within six weeks if you mail your return. You'll get your money...

Make the Most of the New Military Retirement Plan

[Question]I'm in the Navy, and I chose to enroll in the military's new blended retirement system last year. How can I make the most of the new plan?[Answer]To get the most out of the new retirement system, make...

How a Move Can Change Your 529 Plan Tax Deduction

[Question]We opened a 529 college-savings plan in our home state of New York for a grandchild. But early this year, we moved to Idaho. Can we continue to deduct our contributions to the 529 on our Idaho income...

Do I Need Extra Insurance for My Drone?

[Question]I plan to buy a drone soon. Will my insurance cover any damages it might cause?[Answer]Damages caused by drones may be covered by the liability portion of your homeowners or renters' insurance policy,...

How Changes in Income Affect Medicare Premiums

[Question]I usually have my Medicare premiums paid automatically from my Social Security benefits, but I now receive a separate monthly Medicare premium bill in addition to the amount that is debited from my...

Ex-Workers Get More Time to Repay 401(k) Loans

[QUESTION]I heard that the new tax law changed the amount of time I have after leaving my job to pay back a 401(k) loan. What are the rules now for borrowing from your 401(k)?SEE ALSO: 8 Tax Deductions Eliminated...

Tap an IRA Tax-Free With an HSA Rollover

[Question]I'm going to have knee surgery in a few months, and I'd like to roll over money from my traditional IRA to my health savings account, so I can take the withdrawal tax-free. How much can I roll over, and...

How to Report an IRA Charitable Distribution...

[Question]I am 75 years old and had to take $6,300 in required minimum distributions from my IRA in 2018. In October, I asked my IRA administrator to send $5,000 to a local education foundation (as a tax-free...

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