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Tax Advice: Tax-Favored Ways to Build Up a College Fund

June 16, 2021

Your college savings can go farther with tax-favored vehicles. Here are some options.
Tax Advice: Retiring Soon? 4 Tax Issues You May Face

June 9, 2021

Tax planning is still important after you retire. Check out these tax implications of retirement.
Tax Advice: Planning for the 3.8% Net Investment Income Tax

June 4, 2021

If you’re subject to the 3.8% net investment income tax, you should include it in your tax planning. Here is who the tax applies to and some strategies to minimize it.
Tax Advice: Advance Tax Credit Payments for Many Parents Start July 15

May 25, 2021

About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.
Tax Advice: Still Have Questions After Filing Your Tax Return?

May 19, 2021

Congratulations if you filed your 2020 tax return by the May 17 deadline. But you may still have questions. We’re often asked about refund status, record retention and amended tax returns. Here are some answers.
Tax Advice: Working in the Gig Economy Results in Tax Obligations

May 11, 2021

The pandemic has caused some people to turn to “gig” work to make up for lost income. Here are the tax consequences of taking on these jobs.
Tax Advice: Why Upcoming Tax Deadlines Are Crucial

May 11, 2021

The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
Tax Advice: What To Do If You Need More Time?

May 11, 2021

Americans got extra time to file their tax returns this year, but the deadline is looming. Here’s what to do if you’re not ready.
Tax Advice: How to Determine Your "Basis" During a Home Sale

April 20, 2021

When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.
Tax Advice: For Those Unemployed in '20, Buying New Health Insurance in '21

April 20, 2021

Many tax changes have been enacted recently to help mitigate the financial damage caused by COVID-19. They may affect you if you collected unemployment last year or if you buy health insurance through a “Marketplace.”
Tax Advice: Who Qualifies for "Head of Household" Status?

April 15, 2021

If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.
Tax Advice: Ensure Life Insurance Isn't Part of Your Taxable Estate

April 13, 2021

Life insurance benefits can help loved ones after your death. But you may want to keep proceeds from a policy out of your taxable estate. Here are some considerations.
Tax Advice: New Law Tax Break May Make Childcare Less Expensive

March 24, 2021

Child care is expensive. The newly enhanced child and dependent care credit may help for 2021.
Tax Advice: What to Know About the American Rescue Plan Act

March 20, 2021

Are you eligible to receive direct payments under the new law that passed on March 11?
Tax Advice: Deadline Approaching for First 2021 Tax Payment Installment

March 10, 2021

Are you required to make estimated tax payments because you don’t pay enough tax in withholding? Here are the rules.
Tax Advice: Retiring Soon? Recent Law Changes May Impact Your Savings

March 10, 2021

Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
Tax Advice: Didn't Contribute to an IRA Last Year? There May Still Be Time

February 27, 2021

Saving now for retirement is one of the best moves you can make to help ensure financial security. If you’re eligible, you still have time to contribute to an IRA or SEP and save on your 2020 tax return.
Tax Advice: There's Still Time to Get Substantiation for 2020 Donations

February 20, 2021

In order to claim a charitable deduction on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t received one yet for a charitable donation you made in 2020?
Tax Advice: Answers to Your Questions About Limits

February 15, 2021

How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.
Tax Advice: The Power of the Tax Credit for Buying an Electric Vehicle

February 4, 2021

Thinking about buying a new electric vehicle? While you’re considering factors like acceleration and the range of the battery before recharging, check out the federal tax break that may be available.
Tax Advice: Remember to Take Required Min Distributions

February 1, 2021

If you’re required to take distributions from a retirement plan, you may have received a respite in 2020, but you must begin taking them again this year.
For Small Businesses: The Cents-Per-Mile Rate Decreases Again

February 1, 2021

The price of gas is down from a year ago. How does this affect the amount your business can deduct for business driving in 2021?
Tax Advice: Reasons to File Your Tax Return Early

January 26, 2021

Filing your tax return early will get you any refund early and may protect you from tax identity theft. Here’s why.
Tax Advice: Learn About the Revised Tax Benefits for Higher Ed

January 12, 2021

Changes have been made to education tax breaks in the new Consolidated Appropriation Act.
Tax Advice: What's in the COVID-19 Relief Law for You?

January 7, 2021

Can you benefit from the massive new Consolidated Appropriation Act signed into law? Here are some of the tax highlights for individuals.

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