Age Is Just a Number, but Tax Milestones Matter

Individual taxpayers don't have to begin paying federal taxes at a specific age. Obligations begin when one's income meets the applicable tax filing or payment requirements. That said, under current rules, tax-saving opportunities begin the day a child is born. From there, most people encounter various "tax milestones" — whether becoming subject to certain responsibilities or finding new ways to save — throughout much of their lives. Let's explore some of these and discuss how to make the most of them.

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