Filing your taxes can be simple and manageable. Here are the key tips and tricks to make tax filing a breeze this year!

Tax-deferred retirement accounts, or TFRAs, are a special kind of IRA that may be used to save more of your retirement income tax-free. Since a TFRA is not a qualified plan, it is not subject to the same regulations as a 401(k) (k). But it can provide investors with risk mitigation and tax benefits.

Roth IRAs have several benefits. Tax advantages are by far the most substantial. A Roth Individual Retirement Account (IRA) provides tax-free development on both contributions and profits. Taxes will not be due when you withdraw the money if you follow the requirements.

There was a time when the tax deduction for private mortgage insurance (PMI), which is also known as mortgage insurance premium (MIP), was only allowed for mortgages that were taken out or refinanced after January 1, 2007.