COVID-19 Relief Law: Provisions Benefiting Individuals
The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here are some […]
Maximize Your 401(k) Plan to Save for Retirement
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, […]
Qualifying for a Medical Expense Tax Deduction
You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, the rules make qualifying for a medical […]
Avoid Wash Sales If Selling Stock by Year-End
Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? If so, it’s important to avoid […]
Taking a Traditional IRA Distribution
Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and SIMPLE-IRA), it’s even […]
How Series EE Savings Bonds are Taxed
Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe […]
How is Disability Income Taxed?
Many Americans receive disability income. You may wonder . . . if, and how is disability income taxed? As is often the case with […]
Tax Issues Divorcing Couples Should Understand
When a couple is going through a divorce, taxes are probably not foremost in their minds. But without proper planning and advice, some people […]
Mutual Fund Buy-Sell Tax Pitfalls
If you invest in mutual funds, be aware of some potential mutual fund buy-sell tax pitfalls that can surprise the unwary.
What Tax Records Can You Throw Away?
October 15 was the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline was extended this year to July 15 due to […]
