With the future of Social Security uncertain and company pension plans being cut back, careful management of your 401(k) becomes very important. Here are some basic guidelines to help you make the most of your 401(k) investments.
Adjusted Gross Income (AGI) is a central term in the IRS vocabulary. Can you provide a working definition of the term? Doing so is often the starting point for effective tax planning.
Because our tax system is progressive, the next dollar you earn could be taxed at a much higher rate. By shifting taxable income levels from one year to the next, you could potentially pay a lower tax amount in both. Here are six great ideas, detailed on our latest “Tax Tip of the Week”!
Health savings accounts can be used to build tax-sheltered nest eggs that can pay out-of-pocket medical expenses with tax-free dollars. Learn more about the two requirements you need to qualify for an HSA and other details on our latest blog post!
Don’t ignore the impact of taxes on your investments. While taxes should not drive your investment strategy, understanding how taxes affect your earnings will help you minimize taxes and maximize your return. Learn some of the tax related tips for investors on our latest blog post!
While Roth IRAs are funded in after-tax dollars, making a mistake on withdrawing funds could still subject you to tax and penalties on withdrawal of earnings. Here are some tips that every Roth IRA account holder should know!
Properly managed, the “kiddie tax” rules can be used to your advantage. But if not, this part of the tax code can create an unwelcome surprise at tax time! Learn more about this tax rule and how it applies to you on our latest blog!
Every year thousands of taxpayers go through a gotcha with the IRS thanks to large, unexpected tax bills. Here are five common causes of tax surprises, ranging from lost refunds to retirement plan mistakes, all on our latest “Tax Tip of the Week”!
The Child and Dependent Care Credit can be used to offset summer time care expenses for your qualifying dependents. These expenses don’t just include sending your kids to daycare while you work. Here is what you need to know.
Too many taxpayers ignore estate taxes because they think it will not impact them. Do this at your own peril. Here is what you should know.