Mary Regan: 'Once-off' measures masked problems that must be addressed in Budget 2026
The tax strategy papers published yesterday indicate a significant shift in approach to welfare and pension payments in light of the removal of once-off lump sum measures.
Clark Howard explains how if you save a dollar in a Roth IRA you save $1 but it's not the case if you do the same in a 401(k)
"I'm obsessed with the Roth as a way to save for retirement." Howard emphasizes that saving through a Roth guarantees you get the full benefit of your contributions, unlike traditional 401(k)s where taxes apply later.
Here's what to know about the standard deduction in taxes
The standard deduction is a fixed amount that reduces taxable income dollar-for-dollar, helping taxpayers save money. Most taxpayers opt for this over itemized deductions.