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Retiring Early? A New IRS Rule Could Save You Money

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alerts-kiplinger.com

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mail@alerts-kiplinger.com

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Sun, Feb 20, 2022 11:20 AM

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Plus: Where's My Refund? TIPS TO TRIM YOUR TAXES Those younger than 59½ can now withdraw more from

Plus: Where's My Refund? [VIEW IN BROWSER]( [Kiplinger Special Report]( TIPS TO TRIM YOUR TAXES [Retiring Early? A New IRS Rule Could Mean More Money in Your Pocket]( Those younger than 59½ can now withdraw more from IRAs, 401(k)s or other qualified retirement accounts without a 10% early withdrawal penalty. It’s all because the IRS changed how to calculate Substantially Equal Periodic Payments. But beware of the risks. Plus: [Taxes in Retirement: How All 50 States Tax Retirees]( [READ MORE]( [Is Your Stimulus Check Taxable?]( You may be wondering if you have to pay taxes on your third stimulus check. The answer may surprise you. Plus: [Stimulus Check Money is Still Available…But You Must File a Tax Return to Get It]( [READ MORE]( SPONSORED CONTENT FROM DOMINI IMPACT INVESTMENTS [Retire and Inspire a Greater and Greener World]( [These are Your 3 Financial Advisors in Your Area]( Even one retirement contribution can help create a greener tomorrow. As an individual investor you can make a difference when you contribute money to a mutual fund that chooses to invest in companies who have environmental and social standards. Become part of a community coming together to make an impact based on shared values. [READ MORE]( [1031s: Minimizing the Tax Burden on Investment Property]( A 1031 exchange can give you more cash on hand when upgrading your investment properties. When used wisely, 1031s can even lower your overall tax burden. But there are several pitfalls to avoid. Plus: [What Are the Capital Gains Tax Rates for 2021 vs. 2022?]( [READ MORE]( [Should You Worry about Tax Increases? Maybe Not!]( Business owners and investors alike have been on edge over possible hikes. There are lots of reasons not to worry. Here’s why. Plus: [Where's My Refund? How to Track Your Tax Refund Status]( [READ MORE]( ["Above-the-Line" Deductions for Your 2021 Tax Return]( If, like most people, you claim the standard deduction instead of itemized deductions on your return, there are still many other tax deductions available that could save you a lot of money. Plus: [2021 Tax Returns: What's New on the 1040 Form This Year]( [READ MORE]( SPONSORED CONTENT FROM DOMINI IMPACT INVESTMENTS [Save the Planet. Save for Your Future.]( Learn how our investments generate positive, measurable environmental and social impact alongside a financial return. [READ MORE]( ALSO ON KIPLINGER [Sign Up Free for Kiplinger Today -- Timely Tips to Make and Keep More of Your Money Every Day]( [PODCAST: National Taxpayer Advocate Erin M. Collins Wants to Help]( [How to File Your Taxes for Free]( [Kiplinger] © Future US LLC. All rights reserved. [Facebook]( [Twitter]( [LinkedIn]( Unsubscribe [click here]( Future US LLC. Registered address: 10th floor, 1100 13th Street, N.W Washington, DC 20005. Further information about how we use your data can be found in our [Privacy Policy](.

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