Carry Learning Center

A high-yield savings account can help your money grow, but the headline rate is only one piece of the puzzle. Fees, APY, withdrawal rules, and taxes all play a role in what you actually keep. Chase’s HYSA attracts attention for its brand and digital access, but it’s worth looking closely at the details. In this review, [...]

If you’re self-employed or run a small business with no full-time employees, the Fidelity Solo 401k may be worth considering as a retirement savings option. Fidelity does not charge account maintenance fees and offers access to a broad selection of investments, including mutual funds, ETFs, individual stocks, and bonds. The platform also provides $0 commission online [...]

Choosing the right retirement plan can feel overwhelming, especially if you’re self-employed and want more control over your savings. MySolo401k positions itself as an option for those who value flexibility, investment choices, and an online-first setup. This review covers how the plan works in 2025, what it may offer, where it has limitations, and how it [...]

The Internal Revenue Service announced significant increases to retirement account contribution limits for 2026, providing Americans with greater opportunities to save for their future. The annual 401k contribution limit will rise to $24,500, up from $23,500 in 2025, while IRA contribution limits will increase to $7,500 from $7,000. These adjustments, detailed in IRS Notice 2025-67, reflect [...]

Investing a Solo 401k in a certificate of deposit (CD) combines retirement savings with a conservative banking product. For self-employed individuals, CDs may provide steady earnings and reduced exposure to market swings. By locking in a fixed rate and knowing the maturity date, they can serve as a cautious part of a broader retirement plan. Before [...]

Are you a self-employed plumber looking for a way to save more for retirement and lower your taxes? Many independent tradespeople wonder if a Solo 401k could be the right fit. The good news is that plumbers who operate their own businesses or work as independent contractors are typically eligible to open one. A Solo 401k [...]

Running your own business often means balancing daily operations with long-term financial security. Retirement planning can easily take a back seat, yet the Solo 401k provider you choose could shape how flexible, cost-effective, and efficient your plan becomes. This review takes a closer look at Nabers Group’s Solo 401k in 2025. You’ll learn what the plan [...]

The IRS has significantly expanded its free email newsletter offerings, now providing over 20 specialized subscription options to help taxpayers stay current on tax law changes, filing requirements, and important updates. These e-News subscriptions cover everything from basic tax tips to specialized guidance for business owners, tax professionals, and specific industries affected by recent legislation. The [...]

Choosing the right Solo 401k provider matters when you want more control over your retirement savings. RocketDollar is one option that has gained attention for its focus on investment flexibility and its simplified approach to account management. In this 2025 review, we’ll cover RocketDollar’s Solo 401k features, benefits, and pricing. You’ll also see who the plan [...]

Starting a Solo 401k is a big step toward building your retirement savings. The next challenge is keeping your plan compliant with IRS rules. That means knowing which tax forms apply and when they’re due. Even a small oversight could lead to avoidable penalties, so it’s worth learning the basics before filing season arrives.  In this [...]

Opening your first 401k is a big step toward building your retirement savings. The decisions you make in the early days can set the tone for how your account grows over time. You don’t need advanced investing skills to get started. What matters most is making a few smart choices right away. This guide covers practical [...]

The IRS announced penalty relief for employers struggling to comply with new reporting requirements for cash tips and overtime pay under recently enacted federal legislation. For the 2025 tax year, employers will not face penalties for failing to separately report cash tips, employee occupations, or qualified overtime compensation on tax forms. This transition period recognizes that [...]

The IRS has established a comprehensive Taxpayer Bill of Rights that outlines 10 fundamental protections designed to ensure fair treatment and transparency for all taxpayers. These rights, codified in IRS Publication 1 and under Internal Revenue Code §7803(a)(3), are intended to safeguard individuals and businesses throughout any interaction with the nation’s tax collection agency. The bill [...]

The IRS has issued new guidance clarifying that the Form 1099-K reporting threshold has been restored to $20,000 and 200 transactions. This reverses earlier plans to lower the threshold under phased rollout guidance. The change stems from the One, Big, Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, which applies retroactively to [...]

The IRS released new guidance limiting Employee Retention Credits (ERC) for businesses that filed claims for the third and fourth quarters of 2021 after January 31, 2024. The guidance, outlined in Fact Sheet 2025-07, addresses restrictions enacted under recent legislation known as the One, Big, Beautiful Bill. Under these new rules, businesses that submitted ERC claims [...]

The IRS has issued guidance for a new tax benefit that allows individuals to deduct interest paid on car loans for qualifying new vehicles. This update stems from the One, Big, Beautiful Bill Act (H.R. 1), which established the new personal car-loan interest benefit referenced by the IRS. IRS Notice 2025-57 (IR-2025-105, Oct. 21, 2025) provides transitional [...]

The Internal Revenue Service (IRS) has experienced significant leadership transitions and operational shifts over the past three years, including recent workforce adjustments under the current administration. Danny Werfel took over as IRS Commissioner in April 2023, replacing Charles Rettig, who completed his term after overseeing the agency through unprecedented pandemic relief efforts. During Rettig’s tenure, the [...]

The Internal Revenue Service (IRS) reminded taxpayers today that those who filed extensions for their 2024 tax returns must submit their filings by October 15, 2025—tomorrow at midnight. In a statement released October 14, 2025, the agency clarified that the ongoing federal government shutdown does not alter existing tax filing obligations or statutory deadlines. The IRS [...]