Tax Tips & More
Inherited IRAs: Critical IRS Update for 2025
If you have inherited (or may someday inherit) an individual retirement account (IRA), the 2025 changes may significantly impact your tax planning.
2024 Last-Minute Year-End Retirement Deductions
The clock continues to tick. Your retirement is one year closer. You have time before December 31 to take steps that will help you fund the retirement you desire. Here are five things to consider.
Did You Overfund a 529 Plan? Consider a Roth IRA Rollover
What happens if your child or other beneficiary doesn’t use all the money in the 529 account or decides not to go to college?
Young Adults Should Take Advantage of IRAs
As we navigate the complexities of financial planning, one opportunity stands out for young adults: individual retirement accounts (IRAs).
Adjusting for the New Retirement Plan Catch-Up Contribution Rules
The SECURE 2.0 Act, enacted in late 2022, is changing your retirement plan’s ability to allow catch-up contributions.
Best Practices When E-Filing Returns
Avoid future problems by following these best practices for e-filing.
Common Mistakes in Tax Preparation
Avoid errors that can occur when preparing tax returns by learning these common mistakes.
What Are Your Chances of Being Audited?
These red flags could increase your chances of the IRS selecting your return for audit.
January 2025 Tax Due Dates
January 10: Tips for December 2024 reported to employer
January 16: Estimated tax payment for 4th quarter of 2024
January 16: Farmers and fishermen pay estimated tax for 2024
January 31: Deadline to file and pay 2024 taxes in full if not making an estimated tax payment in January
February 2025 Tax Due Dates
February 10: Tips for January 2025 reported to employer
February 18: File Form W-4 to reclaim exemption from withholding for 2025
March 2025 Tax Due Dates
March 3: Farmers and fishermen file 2024 tax return to avoid penalty if estimated tax not paid by Jan.
March 10: Tips for Feb. 2025 reported to employer
March 17: S-Corporations and partnerships file 2024 business tax returns