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Blog.etax.com news digest

  • 23 days

    Understanding form 1040 rejection grace period

    Filing your taxes online offers convenience, allowing you to manage your taxes on your own schedule. However, encountering a rejection of your e-filed return can be frustrating, especially if it happens close to the filing deadline, typically April ...

  • 1 month

    No credit for foreign taxes held in a tax-deferred account.

    Navigating the complexities of investment portfolio management involves strategic allocation of resources, especially when it comes to deciding where to direct new funds within your Individual Retirement Account (IRA). An effective approach is to conduct...

  • 2 months

    The Backdoor Roth IRA Strategy

    The term “Backdoor Roth IRA” refers to a strategy employed by individuals with higher incomes who are ineligible to directly contribute to a Roth IRA due to specific income limits. Instead of making a direct Roth contribution, these individuals contribute...

  • 3 months

    Potentially qualifying for a special Saver’s Tax Credit.

    The Retirement Savings Contributions Credit, commonly known as the Saver’s Credit, is designed to offset a portion of the first $2,000 that individuals voluntarily contribute to retirement accounts like Individual Retirement Arrangements (IRAs), 401...

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