Oct 2, 2018 | Firm Updates, Individual Tax, Retirement Planning
If you are age 70½ or older, you can make direct contributions—up to $100,000 annually—from your IRA to qualified charitable organizations without owing any income tax on the distributions. This break may be especially beneficial now because of Tax Cuts and Jobs Act...
Sep 25, 2018 | Firm Updates, Individual Tax, Retirement Planning
For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine whether to buy or sell investments before year end to save taxes. This year, you also need to keep in...
Aug 8, 2018 | Firm Updates, Individual Tax, Retirement Planning
Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA—subject to income taxes on all earnings and deductible contributions—and then discover you would have been...
Jun 12, 2018 | Firm Updates, Individual Tax, Retirement Planning
The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA didn’t repeal these taxes, it did significantly reduce the number of taxpayers...
Apr 3, 2018 | Firm Updates, Individual Tax, Retirement Planning
Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred—or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but even nondeductible...
