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Tax Advice: What's a "Coronavirus-Related Distribution"?

July 1, 2020

If you need money due to COVID-19, you may be able to take a tax-free “coronavirus-related distribution” from a retirement plan. The IRS has released guidance explaining who qualifies for one of these distributions.
Tax Advice: When Selling a Home, Remember Taxes

June 21, 2020

Despite a slowdown in real estate sales this spring, many people are still selling their principal residences You may be able to exclude up to $250,000 ($500,000 for married joint
filers) of gain. Here are the tax rules for home sales.
Tax Advice: Seniors, Can You Deduct Medicare Premiums?

June 16, 2020

If you have medical expenses and you pay Medicare premiums, you know it can be expensive to get the coverage you want. But if you qualify, you can deduct the cost of premiums,
along with other medical expenses, on your tax return. Here are the rules.
Tax Advice: A Nonworking Spouse Can Still Have an IRA

June 16, 2020

If you’re married and you don’t work outside the home, you still may be able to contribute to an IRA. Here are the rules for spousal IRAs.
Tax Advice: Can You Deduct Student Loan Interest on Your Tax Return?

May 27, 2020

The CARES Act has provided some help for people with student loans. And if you do make some payments this year, you may be able to deduct the interest on your tax return. Here are
the rules.
Tax Advice: Was Your Economic Impact Payment Less Than Expected?

May 20, 2020

Have you received an Economic Impact Payment only to find out it’s less than what you were expecting? Here are some of the reasons why.
Tax Advice: You Can Still Make a Deductible IRA Contribution for '19

May 20, 2020

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2019 tax year between now
and the extended tax filing deadline and claim the write-off on your 2019 return.
Tax Advice: Tax Q&As Related to COVID-19

May 6, 2020

If you’re like most Americans, the coronavirus (COVID-19) pandemic has led to many questions. Health issues are of utmost concern but you may also have many financial questions.
Here are some answers.
Tax Advice: IRA Account Value Down? Consider a Roth Conversion

May 2, 2020

Consider turning a stock market downturn into a tax-saving opportunity by converting a traditional IRA into a Roth IRA.
Tax Advice: Q&As About Economic Impact Payments

April 22, 2020

As the Economic Impact Payments (EIPs) continue to go out, the IRS has released information about why you might not have gotten a payment. There’s also a new tool to check the
status of your EIP.
Tax Advice: IRS Announces More Relief & Details

April 15, 2020

Expecting an Economic Impact Payment from the IRS? The tax agency has made a few new announcements about the financial relief the government is providing.
Tax Advice: Changes in Retirement Plan & Charitable Contribution Rules

April 9, 2020

During the COVID-19 crisis, many people and charitable organizations need cash. The new CARES Act may provide some solutions.
Tax Advice: New Law Offers Relief for Individuals

March 31, 2020

You’ve probably heard about the cash payments the government is sending out due to the coronavirus (COVID-19) pandemic. Do you qualify?
Tax Advice: Get COVID-19 Tax & Other Relief

March 31, 2020

The coronavirus (COVID-19) pandemic has changed life across the country. The IRS and Congress have responded with some tax and financial relief. Here’s a brief rundown of what’s
been provided so far.
Tax Advice: Why to Keep Life Insurance Out of Your Estate

March 18, 2020

You bought life insurance to protect your family or other beneficiaries. Here’s how to avoid having the benefits be subject to federal estate tax.
Tax Advice: 2019 Gift Return Tax Deadline Approaching

March 10, 2020

April 15 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2019
gift tax return this April (or if you may want to file one anyway).
Tax Advice: Home Is Where the Tax Breaks Might Be

March 3, 2020

Buying a home and want to know how much of a tax break you’ll get for paying mortgage interest? Here are the rules.
Tax Advice: Credits May Help with High Cost of Raising Kids

February 25, 2020

The child tax credit is more valuable than it was a few years ago. In addition, more taxpayers are able to benefit from it. Here are the rules.
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.

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