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Can My Teen Contribute to a Roth IRA?

My 16-year-old son is earning money by mowing lawns. Can he contribute to a Roth IRA? A.C., Knoxville, Tenn.SEE ALSO: The Top 10 Retirement Tips You Can Give Your Millennial You can contribute to a Roth IRA at...

Should You File a Small Auto Insurance Claim?

I'm debating whether to file a claim with my auto insurer for a $1,000 repair to a damaged bumper. I have a $100 collision deductible. Will filing a claim increase my premium? -E.E., Plainsboro, N.J.SEE ALSO: 6...

How a Grandparent's 529 Account Affects...

[Question]I read your column Shopping for a 529 Plan for a Grandchild. Don't grandparents have to be careful about opening a 529 for their grandchild because it could hurt his or her ability to get financial...

How to Calculate Tax-Free and Taxable IRA...

[Question]I am trying to figure out how much I'll owe in taxes when I roll over some money from my traditional IRA to a Roth. I made some nondeductible contributions to the IRA a while back, so some of that money...

IRS Revises HSA Contribution Limit for 2018 --...

[Question]In March, you wrote that the IRS reduced the maximum amount a family could contribute to a health savings account for 2018 after it had announced a higher limit months earlier. Did the IRS ever do...

How to Search for Old Savings Bonds

[Question]My grandfather and father passed away when I was 8 years old. I heard they had savings bonds for me. I'm 37 now and have no one left to ask about it. How do I find out if there really are any savings...

Tapping an IRA for Charity

[Question]I read your column explaining that making a tax-free transfer from your IRA to a charity is even more attractive now that fewer people will be itemizing their deductions. But if I still itemize, is...

How Your Home Sale Will Be Taxed

[Question]I'm thinking about selling my house and then renting for a while. Will I have to pay higher capital gains taxes on my home sale because I'm not rolling over the money to a new house?[Answer]No. You're...

Shopping for a 529 Plan for a Grandchild

[Question]My husband and I live in Virginia, and our grandson lives in Utah. What is the best way to set up a 529 plan, given that we live in different states and we have no idea where he will go to college?SEE...

5 Last-Minute Ways to Cut Your Tax Bill

[Question]We forgot to make the $6,000 catch-up contribution to my husband's 401(k) in 2017, even though he's older than 50. We know it's too late now, but are there other retirement-savings accounts in which we...

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