When am I not required to submit a social security number on my tax return?

June 30, 2024 No Comments

A: When filing your tax return, you are generally required to include the social security numbers of yourself and the individuals for whom you claim as dependents. However, exceptions do apply. ExceptionsChild Born and Died Same YearIf you have a child who died in the

When am I not required to submit a social security number on my tax return?

July 7, 2024 No Comments

When are Simple IRA contributions due?

June 30, 2024 No Comments

A: According to the IRS, contributions to SIMPLE IRA plans that are taken from an employee’s pay check as a salary reduction are due within 30 days of the month in which the deferred payments were taken. For contributions taken from an employee’s pay in

When are Simple IRA contributions due?

July 7, 2024 No Comments

When are Simplified Employee Pension (SEP) IRA contributions due?

June 30, 2024 No Comments

A: A SEP IRA, also known as a simplified employee pension plan, is an investment vehicle that allows business owners to contribute up to 25% of an employee’s compensation or $52,000 a year, whichever is less, to their employees’ retirement savings plans. This contribution must

When are Simplified Employee Pension (SEP) IRA contributions due?

July 7, 2024 No Comments

When should I take my Canadian Pension Plan distributions?

June 30, 2024 No Comments

A: The Canadian Pension Plan (CPP) is a retirement program from which contributing Canadians may receive payments at the age of 60 or upon a disability. The program, however, does not start immediately paying you upon retirement, disability or at the age of 60 because

When should I take my Canadian Pension Plan distributions?

July 7, 2024 No Comments

When to apply for Social Security retirement benefits

June 30, 2024 No Comments

A: Applications for Social Security benefits can only be processed a maximum of four months before benefits are scheduled to begin. Thus, the earliest you can apply is age 61 and nine months, and you can expect to receive your first payment four months later

When to apply for Social Security retirement benefits

July 7, 2024 No Comments

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