2020-2021 Online Tax Planning Guide

Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning — estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work for you in 2020, check out our Online Tax Planning

2021-04-12T14:53:29-06:00December 1st, 2020|

The Kiddie Tax

The “kiddie tax” name sounds cute, but it is not what it may seem. Changes made by the Tax Cuts and Jobs Act (TCJA) makes the tax more serious and now, children with unearned income could wind up in a tax bracket higher than that of their parents. However, the

2021-04-12T14:54:39-06:00October 29th, 2019|

Taxes on Selling Your Home

Spring and summer are busy seasons for selling a home. Interest rates are currently good and buyers are out looking for a new place. Freddie Mac reports that the average 30-year fixed mortgage rate was 4.14% during the week of May 2, 2019, while the 15-year mortgage rate was 3.6%.

2021-04-12T14:55:12-06:00June 4th, 2019|

Should I Prepay My Property Taxes?

Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end tax-planning strategies. But does it still make sense in 2018? The answer, for some people, is yes — accelerating this expense will increase their itemized deductions,

2021-04-12T14:55:52-06:00December 11th, 2018|

Taxes on Mutual Funds

Taxes on Mutual Funds As we approach the end of 2018, it’s a good idea to review the mutual fund holdings in your taxable accounts and take steps to avoid potential tax traps. Here are some tips. Avoid surprise capital gains Unlike with stocks, you can’t avoid capital gains on

2021-04-12T14:55:52-06:00December 4th, 2018|
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