Taxes

Countdown to Tax Time
Taxes

Countdown to Tax Time

Maryann Reyes, CPA, PFS | November 19, 2022

Tax-filing season may be months away, but certain tax matters are best considered before the calendar year ends. The IRS’s…

IRS Rule Allows Bigger Penalty-Free IRA Withdrawals
Taxes

IRS Rule Allows Bigger Penalty-Free IRA Withdrawals

Ed Slott, CPA | October 8, 2022

An updated IRS ruling now allows IRA owners under age 59½ to dramatically increase the amount of money they can…

2022 Tax Update
Taxes

2022 Tax Update

Abby Eisenkraft, EA | September 18, 2022

Tax audits haven’t been high on most Americans’ list of concerns lately. IRS funding cuts and staffing shortages reduced the…

Tricky Tax Twists Following a Spouse’s Death
Taxes

Tricky Tax Twists Following a Spouse’s Death

Maryann Reyes, CPA, PFS | July 4, 2022

Nothing is certain except death and taxes—and that widows and widowers will discover that the former makes the latter more…

Taxpayer Victories and Defeats
Taxes

Taxpayer Victories and Defeats

Edward Mendlowitz, CPA, ABV, PFS | March 16, 2022

The IRS is always challenging taxpayers on matters ranging from business expenses to legal settlements to unusual assets. Thousands of…

How the ­American Rescue Plan Will Affect Your Taxes and Health Insurance
Taxes

How the ­American Rescue Plan Will Affect Your Taxes and Health Insurance

Gregory Black, CPA, JD, LLM | September 1, 2021

The $1.9 trillion American ­Rescue Plan Act received plenty of publicity for providing a third round of stimulus checks and…

Benefits of the New Stimulus Bill
Taxes

Benefits of the New Stimulus Bill

July 15, 2021

Provisions in last year’s financial stimulus bill may have an effect on your income tax filing for medical expenses, donations and/or your retirement.

Seven Ways Your 2020 Tax Return Could Be Different
Taxes

Seven Ways Your 2020 Tax Return Could Be Different

Maryann Reyes, CPA, PFS | June 15, 2021

The pandemic will make this year’s tax return preparation a bit different than most years. Here’s what you need to watch out for.

Frequently Overlooked Tax Deductions for 2020
Tax Planning

Frequently Overlooked Tax Deductions for 2020

Barbara Weltman, Esq. | January 25, 2021

The new tax law contains a lot of changes to deductions. Here’s what you need to know.

How You Invest in Gold and Silver Will Affect Your Taxes
Tax Planning

How You Invest in Gold and Silver Will Affect Your Taxes

January 15, 2021

As gold and silver prices have soared, your tax bite can vary a lot depending on whether you invest in coins, ETFs or mining stocks. Here’s how to choose.

Smart Strategies for 2020 Year-End Tax Planning
Tax Planning

Smart Strategies for 2020 Year-End Tax Planning

Greg Rosica, CPA, CFP | January 4, 2021

Big developments ranging from the pandemic and recession to new retirement plan rules could affect your taxes for this year.

How To Use Losses to Cut Taxes
Cutting Taxes

How To Use Losses to Cut Taxes

David Rae, CFP | August 14, 2020

For the first time in decades, there are great opportunities to offset stock gains with stock losses, but you have to be strategic and avoid mistakes.

Congress Reverses Course on the Kiddie Tax
Cutting Taxes

Congress Reverses Course on the Kiddie Tax

June 15, 2020

A change in the tax rules for children with unearned income could mean a big break for many families.

Seven Tax-Friendly States
Cutting Taxes

Seven Tax-Friendly States

Jill Gonzalez | May 15, 2020

Seven states where the overall tax burden is low and there is no estate tax or tax on Social Security benefits or income tax unless otherwise noted.

The Challenge of Switching States to Save on Taxes
Cutting Taxes

The Challenge of Switching States to Save on Taxes

Mark Klein | May 15, 2020

Residents of high-tax states who move to low-tax states may be pursued by the states they leave behind. How to do it right.