News

Tax Advice: Why Married Couples Might Want to File Separate Tax Returns

February 18, 2020

In most cases, married couples who file jointly save more money on taxes than those who file separate returns. However, there are cases when filing separately is a better option.

Tax Advice: The Tax Aspects of Selling Mutual Fund Shares

February 16, 2020

There are many complex facets involved in selling mutual fund shares. Here’s a rundown.

Tax Advice: There May Be Time to Cut Your Tax Bill With IRAs

February 5, 2020

Saving for retirement is essential for financial security and the government provides tax incentives. If you’re eligible, you still have time to contribute to an IRA, Roth IRA or
SEP and benefit on your 2019 tax return.

Tax Advice: Q&As About 2020 Individual Tax Limits

February 4, 2020

Not all tax figures are annually adjusted for inflation or change due to legislation. But many do. Here are some Q&As about tax-related figures for 2020.

Tax Advice: Can You Deduct Charitable Gifts on Your Tax Return?

January 25, 2020

You may assume that if you make a charitable contribution to an eligible organization, you’ll receive a tax break for it. That may not be the case anymore. Here’s why.

Tax Advice: Help Protect Your Personal Information

January 17, 2020

Be an early-bird tax return filer this year. It may protect you from tax identity theft. Here’s why.

Tax Advice: 4 Law Changes That May Affect Your Retirement Plan

January 9, 2020

A new law might provide you with tax-saving opportunities related to your IRA or retirement plan.

Tax Advice: Your Home Expenses May Be Tax Deductible

January 3, 2020

These days, many people work from home. But they don’t all qualify to deduct the expenses of a home office on their tax returns. Here are the basic rules.

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Tax Advice: Understanding Taxes on Your Side Gig

December 18, 2019

These days, many people have side “gigs” to earn extra money. Find out more about the tax consequences of taking on these jobs.

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Tax Advice: Adopting a Child? Bring Home Tax Savings, Too

December 10, 2019

If you’re adopting a child, it is one of the happiest experiences of your life. There also may be substantial tax breaks available to offset the costs.

Tax Advice: 3 Last-Minute Tips to Help Trim Your Tax Bill

December 6, 2019

Before you know it, 2020 will be here. You may still have time to reduce your federal tax liability by taking these steps.

Tax Advice: Medical Expenses & What It Takes to Qualify for a Tax Deduction

December 4, 2019

You may wonder if you can get a tax break for medical and dental expenses, as well as prescription drugs. Here’s what it takes and how you might be able to benefit by moving
certain expenses into 2019.

Tax Advice: What Is Your Taxpayer Filing Status?

November 21, 2019

Should you file your tax return as a single person, a married couple filing jointly, a “head of household” or some other status? This explains what the federal tax filing statuses
are and who can claim them.

Tax Advice: Using Your 401(K) Plan to Save This Year & Next

November 13, 2019

Have you been contributing enough in 2019 to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the just-announced limit for 2020.

Tax Advice: Consider a Tax-Advantaged Account for Disabled Family

November 8, 2019

Do you want to provide extra money to a disabled family member but you don’t want them to lose eligibility for government benefits to which they’re entitled? Consider a
tax-advantaged ABLE account.

Tax Advice: An Alternative to Taxable Required Distributions

November 3, 2019

There’s a tax-smart strategy for high-net-worth individuals over 70-1/2 years old who have IRAs and are charitably minded.

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Tax Advice: Selling Securities by Year End? Avoid the Wash Sale Rule

October 24, 2019

Have you cashed in some investment gains in 2019? You may be looking for unrealized losses in your portfolio so you can sell those investments to offset your gains before year
end. This can reduce your tax liability. But don’t run afoul of this rule.

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Tax Advice: Beware Tax-Related Scams

October 22, 2019

Have you received a text, letter, email or phone call purporting to be from the IRS? Don’t become the victim of a scam. Here’s what you should look out for.

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Tax Advice: Use a Coverdell ESA to Help Pay School Costs

October 22, 2019

Are you looking for ways to save for your child’s or grandchild’s education? Or do you want to save for private elementary and secondary school? A Coverdell Education Savings
Account may help.

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Tax Advice: Take Advantage of the Gift Tax Exclusion Rules

October 7, 2019

With the annual federal gift tax exclusion, you can transfer substantial amounts free of gift taxes to your children and others. Here are the basic rules.

Wooden letters that spell out "Tax" lying on an invoice.

Tax Advice: When is Tax Due on Series EE Savings Bonds?

October 6, 2019

If you own Series EE bonds, check the issue dates on your bonds. If they’re no longer earning interest, you probably want to redeem them. Read this article to learn more on that
and how the interest on the bonds is taxed.

Tax Advice: On Divorce-Related Tax Issues

September 18, 2019

Getting a divorce can be a painful process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the
process of getting a divorce.

Tax Advice: Must You Make a Payment on September 16?

September 10, 2019

The third estimated tax payment deadline is coming up. Here are the details of when it is and whether you’re required to make a payment.

Tax Advice: Expenses Teachers Can/Can't Deduct on Their Taxes

August 28, 2019

Are you an educator who's back to school and spending money out of your pocket to teach your students? Read on: you may be eligible for a special tax break!

Tax Advice: Taking Distributions from Your Traditional IRA

August 26, 2019

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.

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