Depending on how much you've saved, you may have to pay federal taxes on some of your retirement income. For example, about half of Social Security beneficiaries pay federal income taxes on a portion ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

Rachel Williams has been an editor for nearly two decades. She has spent the last five years working on small business content to help entrepreneurs start and grow their businesses. She’s well-versed ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Under the new system, eligible taxpayers will no longer have to request penalty relief that the IRS says is routinely granted.