IRA Charitable Donations are an Alternative to Taxable Required Distributions
There’s a tax-smart strategy for high-net-worth individuals over 70-1/2 years old who have IRAs and are charitably minded.
Selling Securities by Year End? Avoid the Wash Sale Rule.
Have you cashed in some investment gains in 2019? You may be looking for unrealized losses in your portfolio so you can sell those investments to offset your gains before year end. This can reduce your tax liability. But don’t run afoul of this rule.
Take Advantage of the Gift Tax Exclusion Rules
With the annual federal gift tax exclusion, you can transfer substantial amounts free of gift taxes to your children and others. Here are the basic rules.
When is Tax Due on Series EE Savings Bonds?
If you own Series EE bonds, check the issue dates on your bonds. If they’re no longer earning interest, you probably want to redeem them. Read this article to learn more on that and how the interest on the bonds is taxed
Uncle Sam May Provide Relief From College Costs on Your Tax Return
Want to offset the high cost of college? There may be a federal tax credit for higher education costs that you can claim. Here are the basic details.
2019 Q4 Tax Calendar: Key Deadlines For Businesses and Other Employers
For businesses, fall means it’s time to begin year-end tax planning. It’s also time to think about the fourth quarter 2019 filing deadlines.
The Next Estimated Tax Deadline is September 16: Do You Have to Make a Payment?
The third estimated tax payment deadline is coming up. Here are the details of when it is and whether you’re required to make a payment.
Expenses That Teachers Can and Can’t Deduct on Their Tax Returns
Are you an educator heading back to school and spending money out of your pocket to teach your students? You may be eligible for a special tax break.
Taking Distributions From Your Traditional IRA
Prudently planning how to take money out of your traditional IRA can mean more money for you and your heirs. Here are three areas to understand in order to maximize your retirement savings.
The Tax Implications of Being a Winner
If you’re fortunate enough to hit a sizable jackpot in the lottery or while gambling, there are tax implications. Here’s a rundown of the basics.
Tax Planning Guide for the 2019 Tax Year
This is the right time for protecting what you have! In uncertain times, proactive tax planning can help you preserve your financial well-being.