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10 Tax Forms Retirees Receive and What They MeanKnowing what you’re getting and why is important so you can ensure that you or your tax preparer have what’s needed to file your taxes.
Tax Changes and Key Amounts for the 2024 Tax Year
Tax Changes There are lots of tax changes for 2024. Some reflect prior-year inflation. Others are new rules. But one thing is certain...all taxpayers are affected.
By Joy Taylor Last updatedTax Changes
Do You Have the Five Pillars of Retirement Planning in Place?A solid retirement plan requires planning in these five areas so you’re covered on everything from taxes to health care expenses to what happens to your estate when you’re gone.
By Joe F. Schmitz Jr., CFP®, ChFC® Published
Perplexed by the Gift Tax? Here Are Answers to 10 Common Questions
taxes Generous gifts can sometimes come with tax consequences, but in general, only very wealthy people need to worry about gift taxes. Still, there could be IRS paperwork involved.
By Joelle Spear, CFP® Last updatedtaxes
Five Tax Breaks Business Owners Might Not Know AboutDid you know you could get a break on your company’s taxes by hiring your kids? Read on for more strategies to help you lower your business’ taxes.
By David Faulkner, CFP®, RICP® Published
Three Ways to Reduce Taxes on Your Investment EarningsProactive tax planning using these strategies could help you keep more of your hard-earned money, now and in the future.
By David McGill Published
From Tax-Deferred to Tax-Free: Navigating Taxes in RetirementHere are some considerations to keep in mind to help you spend less of your retirement savings and Social Security benefits on taxes.
By Brian Skrobonja, Chartered Financial Consultant (ChFC®) Published
Selling Your Business? Personal Goodwill Can Cut Your TaxesCareful planning around a bundle of rights known as goodwill can result in substantial tax savings when selling a corporation or company.
By John M. Goralka Published
Retirement Tips for 2024 From Five Retirement ExpertsFrom Rothifying IRAs to navigating changing tax laws, these fiduciary advisers share the recommendations they’re making to their clients this year.
By Pam Krueger Published
How Tax Diversification Can Increase Your Retirement IncomeJust as you allocate your invested assets, you can also diversify with taxable, tax-free and tax-deferred accounts.
By Stefan Greenberg, CFP®, CFS, CLTC Published