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Make the Most of Potential Tax Deductions...

[Question]Will I be able to save on taxes if I prepay my January 2019 mortgage bill before the end of the year in 2018? Can I also still deduct my charitable contributions in 2018?[Answer]The answers to both...

How to Endow a Scholarship

[QUESTION]My family would like to establish an engineering scholarship in memory of my uncle. How do we set one up? - E.S., Green Bay, Wis.See Also: 10 Best Values in U.S. Colleges, 2018 [ANSWER]You can set up a...

Using 529-Plan Money for College Overseas

[QUESTION]My daughter may go to college in Europe next year. Can we use her 529 college-savings money tax-free outside of the U.S.? - S.S., Lubbock, TexasSee Also: How Well Do You Know College 529...

What You Need to Know About Taxes on Rental Income

[QUESTION]I'm thinking about renting out my house for a few weeks while I'm away on vacation this summer. What do I need to know about taxes? - B.G., New OrleansSee Also: Tips for Renting Your Home on...

How to Save on Prescription Drugs

[QUESTION]I have a high-deductible health insurance plan and tend to rack up hefty prescription drug costs each year. Are there any good tools or resources to help me save on prescriptions? - R.C., NashvilleSee...

Deadlines for 529 College-Savings Plan...

[QUESTION]My son is a freshman in college, and this is our first time using 529 money for his college bills. Do we need to withdraw money from his 529 for his 2018 tuition bills and other eligible expenses by...

Get a Tax Reward for Saving for Retirement

[Question]My son works full-time but his employer doesn't offer a 401(k). Is he eligible for the retirement saver's tax credit?[Answer]He could be if he contributes to an IRA or other retirement-savings plan. To...

Year-End Financial Checkup for Military Members

[Question]I'm in the Army and am wondering if there is anything I should be doing before the end of the year to take advantage of my military benefits and help my family financially?[Answer]This is a great time...

Contribute More to Retirement Accounts in 2019

[Question]How much can I contribute to my IRA and 401(k) in 2019? What are the income limits to qualify for a Roth?[Answer]You'll be able to contribute slightly more to your retirement savings in 2019. The...

Financial Gifts for Kids

[QUESTION]I would like to give my niece a meaningful gift this holiday, not just a check or a sweater. What are the best financial-related gifts? -- J.T., Brick Township, N.J.[ANSWER]Several gifts can help your...

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Stories & Features

Investing

Don't Settle for Anything Less Than True...

Diversification is a big word, but it can be simply defined: Don't put all your eggs in one basket....

Spending Wisely

Best Things to Buy at Dollar Stores for the...

If you want to save a few bucks preparing for the holidays this year, learn to cut corners at the...