Tax Tips

Tax Tips

Our experts will count down moves to make to lower your tax bill.

January 24, 2020

Don't Panic If You're Turning 70½ This Year and Get an RMD Statement in the Mail

Thanks to the SECURE Act, RMDs aren't required until you turn age 72.

See More On: Required Minimum Distributions (RMDs) | IRAs | Tax Planning

January 22, 2020

2020 Tax Calendar: Important IRS Tax Due Dates and Deadlines

Know the tax deadlines that apply to you, so you won't be hit with IRS penalties or miss out on a valuable tax break.

See More On: Tax Prep & Filing | Tax Breaks | Tax Planning

January 7, 2020

How Early Can You File Your Tax Return in 2020?

If you're an early bird when it comes to filing your taxes, start gathering your receipts now. The IRS will begin processing 2019 tax returns soon.

See More On: Tax Prep & Filing | Tax Planning

January 7, 2020

Tax Day 2020: When's the Last Day to File Taxes?

Unlike last year, all Americans must file their federal income tax return by the same date in 2020.

See More On: Tax Prep & Filing | Tax Planning

December 6, 2019

Year-End Tax Tip: Withdraw Your Required Minimum Distribution

If you're age 70½ or older, take your RMD now to avoid a big penalty.

See More On: Required Minimum Distributions (RMDs) | 401(k)s | IRAs

December 3, 2019

Year-End Tax Tip: Give Cash Gifts to Family and Friends

'Tis the season for giving. So why not take advantage of the annual gift tax exclusion before ringing in the new year.

See More On: Tax Planning | Estate Planning | Tax Breaks

November 15, 2019

'Jeopardy James' Wins Again...and Ups His 2019 Tax Bill

After winning the "Jeopardy!" Tournament of Champions, James Holzhauer will owe the IRS and California even more on April 15.

See More On: Tax Prep & Filing | Tax Planning

November 19, 2019

Year-End Tax Tip: Renew Your Expiring Individual Taxpayer Identification Number (ITIN)

Beat the rush and avoid refund delays by renewing your ITIN before the end of the year.

See More On: Tax Prep & Filing

November 12, 2019

Year-End Tax Tip: Max Out Your 401(k) Plan Contributions

You can still save more for retirement if you haven't reached the 2019 contribution limit yet.

See More On: Saving for Retirement | 401(k)s | IRAs

November 15, 2019

Year-End Tax Tip: Check the Withholding from Your Wages

If you've had too much or too little tax withheld from your paychecks, there's still time to submit a new Form W-4 to have your withholding adjusted for the rest of the year.

See More On: Tax Planning | Tax Prep & Filing

September 30, 2019

Health Savings Account Limits for 2020

Annually adjusted contribution limits and other requirements must be met if you're covering health care costs with an HSA in 2020.

See More On: Health Care & Insurance | Employee Benefits | Family Finances

September 6, 2019

Tax Relief for Hurricane Dorian Victims

Deductions for lost or damaged property, filing and payment extensions, and fee waivers can help taxpayers impacted by the storm.

See More On: Tax Breaks | Tax Planning

September 4, 2019

Deduct Expenses for Long-Term Care on Your Tax Return

The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.

See More On: Long-Term Care Insurance | Caregiving | Alzheimer's Financial Planning

September 2, 2019

Heirs Can Use NUA Tax Break for Inherited 401(k)s

This tax-saving move will result in more money in your pocket if you inherit employer stock.

See More On: 401(k)s | Estate Planning | Making Your Money Last

August 2, 2019

Extended Tax Deadline: Moves to Make Before October 15

Beware penalties if you don't get your tax return to the IRS on time.

See More On: Tax Planning | Tax Prep & Filing

June 25, 2019

Taxes on Fireworks: Is Your State a Dud?

A handful of states impose special excise taxes on the sale of consumer fireworks.

See More On: Tax Planning | Tax Prep & Filing

June 5, 2019

How Much Tax Will James Holzhauer Pay on His 'Jeopardy!' Winnings?

The IRS and California will take about 46% of the game-show star's winnings.

See More On: Tax Prep & Filing | Tax Planning

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