Tuesday, June 23, 2026 - Broadridge Content

Tax calculation is the process by which you figure out how much you owe in income tax. If you file federal income tax Form 1040, you must compute your adjusted gross income (AGI) and your taxable income before you can calculate your tax. Essentially, your AGI is your total income minus certain adjustments. Your taxable income is your AGI minus your itemized deductions (or your standard deduction) and your exemptions. (Personal exemptions have been permanently suspended.)

Tuesday, July 21, 2026 - Broadridge Content

Trump Accounts launched on July 4. Here's what you need to know.

Friday, April 10, 2026 - Broadridge Content

Special rules commonly referred to as the "kiddie tax" rules apply when a child has unearned income.

Wednesday, July 15, 2026 - Broadridge Content

When you leave your job, you may have four options to manage funds in a work-based retirement plan.

Thursday, April 23, 2026 - Broadridge Content

A couple of federal personal tax credits were available for the installation of certain energy efficient or clean energy property in your home. Under the One Big Beautiful Bill Act (OBBBA), these credits have expired for any property placed in service after December 31, 2025.

Thursday, April 23, 2026 - Broadridge Content

An individual 401(k) plan is really nothing more than a combined profit-sharing plan and 401(k) plan implemented by a self-employed individual or small business owner with no full-time employees (unless the full-time employee is the owner's spouse). These plans, which went into effect after passage of the Economic Growth and Tax Relief Reconciliation Act of 2001 (2001 Tax Act), can allow for significant tax-deferred contributions.

Tuesday, June 23, 2026 - Broadridge Content

A pooled income fund is a trust with both charitable and noncharitable beneficiaries. It is established and run by the charity, not by you. The pooled income fund operates much like a mutual fund. The charity "pools" the contributions of many people, invests the money, and then distributes to you (or your designated beneficiary) an annual payment prorated to match your contribution to the fund. When the noncharitable beneficiary dies, your remaining share in the fund passes to the charity. A pooled income fund works like this:

Thursday, April 23, 2026 - Broadridge Content

A traditional individual retirement account (IRA) is a personal savings plan that offers certain tax benefits to encourage retirement savings. Contributions to traditional IRAs are either tax deductible (the money goes into the IRA pre-tax) or nondeductible (you pay income tax on the money that goes into the IRA). Regardless of whether your contributions are tax deductible, amounts contributed to a traditional IRA grow tax deferred inside the IRA.