Lena Borelli

Looking for ways to boost your bank account without leaving the comfort of your home? The opportunities for remote revenue streams have never been more diverse or accessible. Whether you want to pay off debt, save for a major purchase or simply gain more financial freedom, working from home offers convenience and potential that traditional employment often cannot match.

Understanding what counts as taxable income and what does not can significantly impact your financial planning and tax obligations. The IRS has specific guidelines about examples of taxable and nontaxable income that every taxpayer should know. While most money you earn is subject to taxation — like wages, salaries, bonuses and business profits — there are surprising exceptions that could save you money when tax season arrives.

For retirement savers preparing for required minimum distributions (RMDs), recent legislation has brought significant changes to the timeline. The SECURE Act of 2019 initially raised the RMD age from 70½ to 72. This gave retirees more time before mandatory withdrawals begin. Then, the SECURE 2.0 Act of 2022 introduced further adjustments. It increased the age to 73 starting in 2023, with plans to raise it to 75 in the coming years. These changes are in response to Americans living and working longer.