Year-end tax planning may look different this year, pending new tax laws. Here are some strategies to consider.
2021 Year-End Tax Planning Tips
Key Tax Numbers for 2022
Key tax numbers for 2021 have been released by the IRS. This will help with your tax planning.
Year End Capital Gain Distributions
Mutual funds must make regular capital gain distributions to shareholders. Here's how it works, as well as what to expect for tax planning.
Tax Rules for Rental Income
Real estate can be a great investment. But it's important to know the tax rules for rental income.
Year-Round Tax Planning Suggestions
There are more tax changes on the way. Here are some questions to consider to help you prepare.
IRS Announces Federal Tax Due Date Extension
The Federal tax filing and payment deadline has been extended. But some dates remain the same. Here's what you need to know about this tax season.
American Rescue Plan Act of 2021
A third stimulus bill has been signed into law. It provides assistance through stimulus checks, expanded unemployment benefits, and more.
New Rules for Deducting Charitable Donations
The rules around deducting charitable donations keeps changing. Here's what you need to know now.
Tax Season Has Begun. What Does it Mean to You?
You may think filing your taxes on the first day of tax season is a good plan. But here's what you need to know before filing your tax return.
How to Correctly Report Taxable Distributions from Retirement Accounts
RMDs were suspended in 2020, but if you took the withdrawal and rolled it back, read this before preparing your tax return.
Stimulus Package Update
The recent stimulus package includes a spending bill for 2021 and a stimulus package intended to help individuals and businesses.
Year-end Tax Moves Aren’t Just for the Wealthy. These Strategies Can Help Lower Your Bill.
The end of the year is approaching but there's still time to take charge of your taxes.
Reducing Income Taxes in Retirement
Nobody wants to outlive their money. Here is a strategy that can help reduce income taxes in retirement, ensuring your money will last longer.
Required Minimum Distribution (RMD) Changes in 2020
Required minimum distribution rules have changed for 2020. Before you take your RMD, read this.
Updates to NJ’s Property Tax Reimbursement Program (Senior Freeze)
Do you know that NJ offers to freeze the property tax of senior citizens and disabled homeowners? The deadline to apply is December 31; so don't delay.
Mutual Fund Investors Could Face Unpleasant Surprise
This year's extreme market volatility may have significant tax consequences for mutual fund investors. Here's what you need to know.
How Do I Handle This Retirement Income on My Taxes?
Here's how to get it right when you consider retirement income exclusions.
Tax Alert: NJ/NY Estimated Tax Payments Due on June 15, 2020
On March 21, the IRS postponed the tax filing deadline from April 15 to July 15. But New York and New Jersey didn't follow suit on all the tax deadlines. Here's what's due Monday.
New Jersey Extends Tax Filing and Payment Deadlines
New Jersey has extended the State income tax filing deadline for individuals, corporations, trusts and estates, and other non-corporate tax filers.
New York State Extends Tax Filing and Payment Deadlines
New York State has extended the April 15, 2020 due date for filing personal income tax and corporate tax returns. Here's what you should know.
The CARES Act and You
The CARES Act is an economic stimulus package designed to help small businesses and individuals during the Coronavirus pandemic. Here are the main points that impact individuals.
Federal Filing Date Extended (Tax Alert Update)
The due date for filing Federal income tax returns has been extended for all taxpayers. This change does not extend to individual states yet. Here's what you need to know.
IRS Provides Some Tax Relief
The IRS has extended some relief for taxpayers affected by the ongoing Coronavirus pandemic. Here's what you need to know.
How to Properly Report Qualified Charitable Distributions on Your Form 1040
Making Qualified Charitable Distributions can be a great way to maximize your charitable giving. But this strategy must be reported properly at tax time. Learn how to avoid a tax trap.
SECURE Act Law Could be Boon for Charities
The recently passed SECURE Act has made several changes to retirement plans, some of which could result in an increase in the amount of money being left to charities. Read why.
Year-End Tax Planning Tips for 2019
New tax laws made significant changes to Federal income taxes beginning in 2018. While there was no significant new legislation in 2019 affecting individual taxes, personal situations do change from year to year, thus requiring a fresh look at how to approach your year-end tax planning. Here are some suggestions.
How Are IRA Distributions Taxed in New Jersey?
How Required Minimum Distributions are taxed can be confusing. Learn more here.
Tax Bill Update (The SECURE Act)
The SECURE Act can potentially make significant changes to retirement and 529 Plan accounts. Read about some of the major components here.
Unusual Medical Tax Deductions You May Not Know About
Tax laws have changed, and in some cases popular deductions have been reduced and even eliminated. However, there are some unusual medical deductions you might not have considered.
How to Assess if the New Tax Law Helped You
So many Americans are still trying to figure out if the new tax law helped or hurt them. One’s instinct is to judge it based on whether you paid more taxes this year or last year. However, this may not be an accurate way to assess the result. Find out why.
How to Get Ready for the Tax Preparer
Tax season officially started this week, and the IRS maintains it is expecting to issue refunds within 21 days of when it receives and accepts a return - the same as always. Consider these tips to save your preparer time, and potentially save yourself money.
An Update on the Concern About the IRS Tax Withholding Tables
This is an update about the problem with the IRS Tax Withholding Table.
Tax Bill Alert
Another tax bill is working its way through the House. If passed in its present form, it makes changes to retirement plans and other things. Read more.
The IRS Tax Withholding Tables May Be Inaccurate. Here’s What You Need to Know.
Due to the many changes the recently passed Tax Cuts and Jobs Act made to how taxable income is derived, many taxpayers may be more under-withheld than normal. Find out what you can do about it.