“Retirees should look at state income tax breaks,” Wesley Botto, a certified financial planner at Hillcrest Financial Group in Cincinnati, said in an email.

The current method for calculating Connecticut income tax on retirement income is deeply flawed. As many are aware, in 2019 Connecticut implemented changes to its tax code that fully exempted ...

While tax withholding is automatic while working, retirees face the responsibility of ensuring their income is withheld for federal and state taxes. With that in mind, here are some options to be ...

Your Social Security benefits are taxable if you meet specific income levels. Here are three strategies that can reduce the taxes if you’re required to pay.

Deciding how much to withdraw from your retirement accounts means finding a balance between enjoying life and making your ...