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.
Year-End Tax and Financial To-Do List
2019 will be here soon. Have you taken care of everything you need to do by Dec. 31 to minimize your 2018 taxes, make the most of tax-advantaged savings opportunities and avoid unnecessary penalties?
Give Your IRA a ‘Check Up’ Before Year End
It’s time to tie up loose ends for the 2018 tax year. to help alleviate some stress, we’re sharing ‘Six Important Check Ups’ that you’ll want to do for your IRA.
Does Prepaying Property Tax Makes Sense Anymore?
You may be getting ready to prepay your property taxes like you’ve done every year to boost your itemized deductions. But this year, review your situation first to be sure this strategy will provide a tax benefit. The TCJA made two changes that affect it.
Advantages of ‘Catching Up’ on your IRA Contributions
The income reduction from making catch-up contributions to your retirement plan might be especially beneficial in 2018 if you had significant itemized deductions in the past that now will be reduced or eliminated by the TCJA. Here’s what you need to know.
Buying Business Assets Before Year End
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks, you must purchase qualifying assets and place them in service by the end of the tax year. That...2018 Tax Planning
If you recently filed your 2017 individual income tax return or filed for an extension, it may seem like some time off from thinking about taxes is in order. But taking such a break could be costly, especially this year.