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Tag: taxes

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What is a rollover IRA?

  • Posted on March 12, 2022November 9, 2022
  • by BrightDime

A rollover IRA is an Individual Retirement Account that is funded by closing a 401(k) (or similar account) at a previous job and moving those funds to the new individual…

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5 Tax Changes You Should Know About Before April 15
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5 Tax Changes You Should Know About Before April 15

  • Posted on February 12, 2021July 26, 2022
  • by BrightDime

Tax day is getting nearer so it’s time to review some of the biggest changes to your taxes this year. An important note: when you file your taxes on or…

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Which type of IRA should I contribute to?
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Which type of IRA should I contribute to?

  • Posted on January 16, 2021July 26, 2022
  • by BrightDime

IRA’s, or Individual Retirement Accounts, are tax advantaged accounts for saving and long term investing for retirement. The two most common types are Roth and traditional. You can make contributions…

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What’s the difference between a Roth and traditional IRA?
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What’s the difference between a Roth and traditional IRA?

  • Posted on January 12, 2021July 26, 2022
  • by BrightDime

An IRA (or Individual Retirement Account) is a tax advantaged account for saving and investing for your retirement. IRAs are not connected to your employer like a 401(k) is and…

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What if I still haven’t received my stimulus check?
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What if I still haven’t received my stimulus check?

  • Posted on October 2, 2020July 26, 2022
  • by BrightDime

As part of the 2020 CARES Act Coronavirus relief program, the IRS sent stimulus checks (or “economic impact payments”) to many Americans. If you haven’t yet received your stimulus check,…

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How does a Health Savings Account (HSA) save me money?
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How does a Health Savings Account (HSA) save me money?

  • Posted on September 17, 2020July 26, 2022
  • by BrightDime

An HSA (or Health Savings Account) has three separate tax advantages that make it an important saving (and even investing) option for employees who have access to them. HSA contributions…

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What you can do with a tax refund or an unexpected windfall?
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What you can do with a tax refund or an unexpected windfall?

  • Posted on July 22, 2020July 26, 2022
  • by BrightDime

If you’re one of the lucky Americans who will get a tax return this year you may be faced with a pleasant dilemma: what do I do with this extra…

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What if I can’t pay my taxes on time?
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What if I can’t pay my taxes on time?

  • Posted on July 14, 2020July 26, 2022
  • by BrightDime

Back in March, the IRS announced they would postpone the tax filing and payment deadline to July 15th, 2020 from April 15th as part of the Coronavirus Aid, Relief and…

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Retirement Basics: The Traditional IRA (Individual Retirement Account)

  • Posted on March 20, 2020July 26, 2022
  • by BrightDime

Saving for retirement may be the most important financial goal you’ll ever have. Why? It’s how you’ll need to pay for your up to 30+ years of unemployment (aka, retirement).…

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7 Common Tax Myths: Are They True or False?
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7 Common Tax Myths: Are They True or False?

  • Posted on March 13, 2020July 26, 2022
  • by BrightDime

Taxes can be confusing. No surprise there, they are complex and the rules are constantly changing! Because of that confusion and complexity there are some stubborn myths about taxes –…

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