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Boost Your Social Security Benefit Every Month...

[QUESTION]I just finished reading 6 Reasons to Work Past Retirement Age, which says that for every year you delay taking your Social Security benefits past full retirement age, you get a bump of 8% in your...

Selling Jointly Owned Stock After the Death of...

[QUESTION]My wife has passed away, and I would like to sell some stock that we held jointly. How will the gains be taxed when I sell the shares?[ANSWER]If you and your wife owned the stock as joint tenants with...

Does the IRS Owe You Money?

[QUESTION]I read that April 18 is the deadline to get a tax refund from previous years. I think I may be owed money from 2013. How do I claim a refund?SEE ALSO: 10 Smart Uses for Your Tax Refund [ANSWER]The IRS...

When to Toss Tax Records

[QUESTION]How long do I need to keep my tax records in case I get audited? Are there some records I should keep longer?SEE ALSO: 17 Red Flags for IRS Auditors [ANSWER]It's a good idea to keep your returns...

When to Get Private Mortgage Insurance Dropped

[QUESTION] I've been paying more than $1,000 every year for private mortgage insurance on my home. When can I ask for the PMI to be dropped? --S.S., Salt Lake City, Utah[ANSWER] If you took out your loan after...

How to Deduct Medical Expenses on Your Tax Return

[QUESTION]What are the rules for deducting medical expenses on my tax return?[ANSWER]Many medical expenses that you pay out of pocket for yourself, your spouse and your dependents may be tax-deductible, but you...

Using an HSA With an FSA

[QUESTION] I am covered by a high-deductible health insurance policy, and my husband has health insurance through his employer. He has a flexible spending account at work, and I would like to have a health...

How to File an Amended Return to Claim an...

[QUESTION]When I was preparing my taxes this year, I realized that I could have qualified to claim the American Opportunity Credit for my daughter's tuition since she started college (she's a senior now). Can I...

How to Report a Tax-Free Transfer From an IRA...

[QUESTION]I transferred my required minimum distribution from my IRA to charity in 2016, and I am wondering how to report the transfer on my tax return. Do I need to keep any records from the transfer?SEE ALSO: 6...

Meeting Your First RMD Deadline

[QUESTION]I turned 70½ last year, but I haven't taken the required minimum distribution from my IRA yet because I knew I could wait until April 1 of this year. Because April 1 is on a Saturday, do I have until...

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