tax planning
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Tax Changes and Key Amounts for the 2023 Tax Year
Knowing the tax changes that apply for the 2023 tax year will give you a step up in planning and can impact your bottom line.
By Joy Taylor • Last updated
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Five Tax Planning Strategies to Use All Year to Lower Taxes
Proactive ways to lighten the tax load include deferring or accelerating income, tax-loss harvesting and bunching several expenses into one year.
By Jamie P. Hopkins, Esq., CFP, RICP • Published
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Is Your First RMD Due April 1?
An important required minimum distribution (RMD) deadline for some retirees is just around the corner.
By Kelley R. Taylor • Published
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13 Tax Breaks for Homeowners and Home Buyers
Tax Breaks Owning (or buying) a home is expensive. But at least there are some tax deductions, credits, and exclusions that can help you recoup some of those costs.
By Rocky Mengle • Last updated
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9 IRS Audit Red Flags for Retirees
retirement Seniors: certain actions can increase the chances of the IRS giving your tax return a closer look.
By Joy Taylor • Last updated
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After-Tax 401(k) Contributions: Pros and Cons
401(k)s Three types of people could benefit from taking advantage of the after-tax 401(k) contributions option in their company’s retirement plan.
By Vishal Jain • Last updated
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Taxes on Gambling Winnings and Losses: 8 Tips to Remember
taxes If you pick the right horse at the track or win some money at a casino or though online betting, don't forget gambling taxes.
By Rocky Mengle • Last updated
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Family Business Survival Strategies as Tax Landscape Changes
tax planning Let's look at the main provisions of the Inflation Reduction Act of 2022 and the tools family businesses have at their disposal to protect their interests.
By John M. Goralka • Last updated
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When Are Estimated Tax Payments Due in 2023?
tax deadline If you're self-employed or don't have taxes withheld from other sources of taxable income, it's up to you to make estimated tax payments to the IRS.
By Rocky Mengle • Last updated