Carry Learning Center

A non-working spouse can build meaningful retirement savings even without a paycheck. The IRS allows married couples to fund a Roth IRA for a spouse who earns little or no income, as long as the working spouse earns enough to cover both contributions and the couple files taxes jointly. This spousal Roth IRA strategy helps [...]

Michigan workers who earn tips and overtime pay will not be able to claim new state tax deductions when they file returns this spring for 2025 income. The deductions will apply beginning with income earned in 2026, which means the first Michigan returns claiming them will be filed in early 2027. The deductions were included in [...]

The Georgia Senate unanimously approved a 60-day suspension of the state’s gas tax Thursday, sending the measure to Gov. Brian Kemp’s desk as pump prices surge across the state. The bill cleared the House a day earlier with overwhelming support. The suspension would eliminate Georgia’s 33.3 cents per gallon tax on gasoline and 37.3 cents per [...]

High-income software engineers often hit a frustrating ceiling when trying to save for retirement. Direct Roth IRA contributions phase out completely once your income crosses certain thresholds. For singles, that happens at $168,000 in 2026. Married couples filing jointly lose access at $252,000. These limits block many tech professionals from contributing to one of the [...]

The Massachusetts House advanced an $1.8 billion supplemental spending bill Wednesday, drawing primarily from revenue generated by the state’s millionaire’s surtax to fund transportation infrastructure and education programs. The legislation, introduced in the ninth month of fiscal year 2026, addresses mid-year budget gaps and includes provisions to delay implementation of federal tax code changes that [...]

A Roth IRA offers tax-free growth and withdrawals in retirement, making it one of the most attractive savings vehicles available. The account uses after-tax dollars today, so qualified distributions later come out completely tax-free. Setting up automatic monthly contributions takes the guesswork out of saving and helps you take advantage of dollar-cost averaging. This strategy [...]

Deciding when to open a Roth IRA can feel like a puzzle, especially if your income sits near the eligibility cutoff. Contribute now and you lock in years of potential tax-free growth. Wait for your income to drop and you might qualify for a larger contribution or avoid excess contribution penalties. The answer depends on [...]

If you’re in your 20s and thinking about retirement, you’re already ahead of most people your age. Starting a Roth IRA now could potentially set you up with hundreds of thousands—or even over a million dollars—by the time you retire. That’s not an exaggeration. That’s math. The question is: how much will you actually have? And [...]

If you’re a small-business owner approaching retirement, 2026 brings notable tax changes that could impact your planning strategy. Between the enhanced senior deduction, Social Security benefit rules that can affect your taxes, and recent legislative shifts, there’s much to consider when mapping out your exit from active business ownership. Here’s what you need to know about [...]