Some states with a lot of commuters have reciprocity agreements, so you’re only taxed in your state of residence. Some states tax nonresidents who physically work within their borders, but they may ...

The 2026 IRA limit is $7,500 for those under 50 and $8,600 for those over 50 because of catch-up contributions. Exceeding IRA contribution limits incurs a 6% tax penalty each year. SEP and SIMPLE IRAs ...