tax planning

Earn $500,000 in 2021? You May Still Have Time to Reduce 2021 Taxes
tax planning

Earn $500,000 in 2021? You May Still Have Time to Reduce 2021 Taxes

Some high-earning entrepreneurs and business owners have until Sept. 15 or even Oct. 15 to ramp up their retirement savings and possibly save big on t…
August 17, 2022
When Are 2022 Estimated Tax Payments Due?
tax deadline

When Are 2022 Estimated Tax Payments Due?

If you're self-employed or don't have taxes withheld from other sources of taxable income, it's up to you to periodically pay the IRS by making estima…
August 6, 2022
18 States With Scary Death Taxes
inheritance

18 States With Scary Death Taxes

Federal estate taxes are no longer a problem for all but the extremely wealthy, but several states have their own estate taxes and inheritance taxes t…
July 29, 2022
9 Ways to Cut Crypto Taxes Down to the Bone
capital gains tax

9 Ways to Cut Crypto Taxes Down to the Bone

Once you know how cryptocurrency is taxed, you can focus on strategies to minimize how much crypto tax you’ll have to pay the IRS.
July 25, 2022
Tax Changes and Key Amounts for the 2022 Tax Year
tax law

Tax Changes and Key Amounts for the 2022 Tax Year

Americans are facing a long list of tax changes for the 2022 tax year. Smart taxpayers will start planning for them now.
July 19, 2022

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Tax Planning Shouldn’t Be an Afterthought
tax planning

Tax Planning Shouldn’t Be an Afterthought

There are plenty of things you can do right now to help reduce what could be one of your biggest expenses in retirement. So what are you waiting for?
July 8, 2022
How 13 Types of Retirement Income Get Taxed
retirement

How 13 Types of Retirement Income Get Taxed

When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don't forget about taxes.
June 30, 2022
11 Education Tax Credits and Deductions for 2022
Tax Breaks

11 Education Tax Credits and Deductions for 2022

Whether you're saving for college, currently paying tuition, or dealing with student loan debt, there's probably an education tax break that can help …
June 30, 2022
Taxes on Unemployment Benefits: A State-by-State Guide
state tax

Taxes on Unemployment Benefits: A State-by-State Guide

Don't be surprised by an unexpected state tax bill on your unemployment benefits. Know where unemployment compensation is taxable and where it isn't.
June 23, 2022
33 States with No Estate Taxes or Inheritance Taxes
retirement

33 States with No Estate Taxes or Inheritance Taxes

Even with the federal exemption from death taxes raised, retirees should pay more attention to estate taxes and inheritance taxes levied by states.
June 23, 2022
Estimated Tax Payments Are Due Today
tax deadline

Estimated Tax Payments Are Due Today

The deadline for submitting your second estimated tax payment for 2022 is here, so get your payments in now.
June 15, 2022
12 States That Tax Social Security Benefits
social security

12 States That Tax Social Security Benefits

You may have dreamed of a tax-free retirement, but if you live in one of these states, your Social Security benefits may be subject to state taxes.
June 8, 2022
Getting Married? Let's Talk Taxes
Getting Married

Getting Married? Let's Talk Taxes

Taxes are different when you're married vs. single. Get up-to-speed now on the tax changes you'll see after tying the knot.
June 3, 2022
5 Unexpected Insights from Your Tax Return
tax planning

5 Unexpected Insights from Your Tax Return

Before you box up your tax return for your files, give it one last look for these five missed opportunities. It could save you money next year.
May 29, 2022
Medical Professionals: It’s Not Too Late to Save on Your Taxes
tax planning

Medical Professionals: It’s Not Too Late to Save on Your Taxes

If your income rebounded in 2021, consider these four investment and tax-saving moves now. While most of these strategies apply to 2022 and beyond, on…
May 20, 2022
Charitable Tax Deductions: An Additional Reward for the Gift of Giving
Tax Breaks

Charitable Tax Deductions: An Additional Reward for the Gift of Giving

With a charitable tax deduction, you can donate to a good cause and cut your tax bill at the same time.
May 19, 2022
Are You Maximizing Your Tax-Exempt Bucket?
tax planning

Are You Maximizing Your Tax-Exempt Bucket?

Remember the child’s game hide-and- seek? As adults, most of us are still playing it. The difference is this time it’s with the IRS.
May 17, 2022
3 Tax-Efficient Strategies to Help Maximize Your Retirement Income
tax planning

3 Tax-Efficient Strategies to Help Maximize Your Retirement Income

Sometimes less income is a good thing! Here are three ways to help control your income in retirement and get a grip on the taxes you’ll pay.
May 13, 2022
The 10 Least Tax-Friendly States for Middle-Class Families
state tax

The 10 Least Tax-Friendly States for Middle-Class Families

It can cost you thousands of dollars each year if you fail to consider state and local taxes before moving your family from one state to another.
May 12, 2022
The 10 Most Tax-Friendly States for Middle-Class Families
state tax

The 10 Most Tax-Friendly States for Middle-Class Families

If you're thinking about changing jobs and moving to a different state, you could save big bucks by relocating to one of these states where the tax bi…
May 11, 2022
How Taxes Impact Your Wealth Gap
tax planning

How Taxes Impact Your Wealth Gap

Taxes are unavoidable, and if you look at their history, they could be on the rise soon. So, use the Internal Revenue Code to reduce your retirement w…
May 10, 2022
Effective Tax Strategies for the Present and Future
tax planning

Effective Tax Strategies for the Present and Future

When it comes to taxes, most people are reactive rather than proactive. As a result, they’re probably paying Uncle Sam more than they need to. Here’s …
May 4, 2022
How Your Retirement Savings and Income Are Taxed
tax planning

How Your Retirement Savings and Income Are Taxed

From 401(k)s (fully taxed!) to Social Security (partially taxed) to Roth IRAs (tax free!) – it’s good to know what kind of tax bills you’ll face in th…
April 28, 2022
Net Unrealized Appreciation: A Hidden Tax Strategy
tax planning

Net Unrealized Appreciation: A Hidden Tax Strategy

It’s common knowledge that retirement income is subject to taxation. What’s not as well known is that some of that income is subject to a lower tax ra…
April 26, 2022
How Proactive Tax Planning Can Rescue Your Retirement
tax planning

How Proactive Tax Planning Can Rescue Your Retirement

Unless you plan ahead, your retirement savings could be a tax time bomb. Here are some strategies to help defuse it.
April 23, 2022
7 Money-Smart Ways to Spend Your Tax Refund
Tax Breaks

7 Money-Smart Ways to Spend Your Tax Refund

Nearly 60% of taxpayers expect a refund this year, and many will receive a larger amount.
April 22, 2022