Carry Learning Center

A Solo 401k offers self-employed business owners meaningful tax advantages and retirement savings options. One lesser-known benefit is the ability to borrow from your account balance. Not all Solo 401k plans permit participant loans — the feature depends entirely on whether your plan documents explicitly allow borrowing. This matters because accessing your retirement funds without [...]

A bipartisan bill introduced this week in the House of Representatives would extend full floor plan financing interest deductions to semi-trailer dealers, addressing what industry advocates call an unfair tax disadvantage that has strained cash flow for local dealerships across the country. Representatives Blake Moore, a Republican from Utah, and Norma Torres, a Democrat from California, [...]

The US Tax Court is considering how to respond to the use of artificial intelligence in court filings after attorneys and litigants submitted briefs citing cases that do not exist, according to Judge Mark V. Holmes. Holmes said the court is proceeding cautiously because more than three-quarters of its cases involve self-represented taxpayers rather than lawyers. [...]

St. Louis County Executive Sam Page signed legislation Friday placing a county use tax on the August 4 ballot, setting up a vote on a measure that county officials said could generate between $50 million and $75 million a year from remote purchases. If approved by voters, Proposition U would impose a 2.263 percent use tax [...]

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 [...]

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 [...]

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 [...]