Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
IRA Contributions for 2021 Can Be Made Until April 18: IRS
By Melanie WaddellContributions must be designated for 2021 to the financial institution, the IRS said.
March 03, 2022
New Jersey's Governor Proposes Tax Rebates for Income Up to $250,000The proposal would apply to 1.8 million residents to help offset the nation's highest property taxes, averaging $9,284 last year.
March 03, 2022
Female Investors Become More Proactive in Financial PlanningCOVID-19 has significantly influenced how women viewed their finances, a Nationwide Retirement Institute study found.
March 03, 2022
How to Jump Into Pro Bono Financial PlanningHere are details on ways the FPA helps advisors volunteer their time and expertise to aid underserved and at-risk individuals and families.
March 02, 2022
Clients Can Tap 401(k)s and IRAs Early Without Penalty, but BewareThere's an exception to the IRS' early distribution rules, but it can be a minefield of tax hazards.
March 01, 2022
Sen. Wyden Calls for 6 Economic Actions Against RussiaCongress must address key areas to punish Putin for invading Ukraine, the Senate Finance Committee chair said.
March 01, 2022
Social Security Benefits Are Taxed? Ouch!New retirees often find themselves in a higher tax bracket than they expected.
February 28, 2022
Warren Buffett's 8 Nuggets of Wisdom for Investors: 2022The conglomerate has produced compounded yearly gains that are nearly double those of the S&P 500.