Sold Stock Before Year-End? Watch Out for the Wash Sale Rule
If you sold stock shares at a loss at the end of 2022 to offset gains that you’ve realized during 2022, it’s important to […]
Answers to your Questions about Taking Withdrawals from IRAs
As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including […]
Strategies for Investors to Cut Taxes as Year-End Approaches
The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to […]
Year-End Giving to Charity or Loved Ones
The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones […]
How Savings Bonds are Taxed
Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself. You […]
Adopting a Child? Bring Home a Tax Break Too
Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit […]
How Inflation Will Affect Your 2022 and 2023 Tax Bills
The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last year. […]
You May Be Liable for “Nanny Tax” for All Types of Domestic Workers
You’ve probably heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, […]
Plan Now to Make Tax-Smart Year-End Gifts to Loved Ones
Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year […]
Tax and Other Financial Consequences of Tax-Free Bonds
If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free […]
