Taxes

The Giving Season: Six Tips for Making Smart and Effective Charitable Donations This Holiday Season

The holidays are a popular time for charitable donations. With so many charities to choose from, it's more important than ever to ensure that your donation is well spent. Here are six tips that can help you make smart and effective charitable donations.

1. Choose your charities wisely

Ten Year-End Tax Tips for 2016

Here are 10 things to consider as you weigh potential tax moves between now and the end of the year.

1. Set aside time to plan

What You Need to Know about Your Income Taxes

When it comes to income taxes and retirement, consider how little the average taxpayer understands about his or her taxes. I had a petroleum engineer from Exxon Mobil stand up in one of my workshops the other night and argue that the "growth" in a Roth IRA would have to be taxable.

Filing Your 2015 Federal Income Tax Return

Whether you're preparing your own tax return or paying someone to do it for you, tax season can be a stressful time of year. Make things easier on yourself by pulling all your information together sooner rather than later--that includes a copy of last year's tax return, W-2s, 1099s, and any deduction records you have.

File on time

What to Consider when Gifting Assets

During the holiday season, the subject of gifts seems to be on everyone’s mind. But not all gifts are simple and straightforward to give. Some require specialized planning and have potential tax consequences you should be prepared for.

Gift Tax Basics

Six Essential End-of-Year Financial Planning Moves

The end of the year is the perfect time to take stock of the past 12 months, your life in general and your future. It’s also a good time to do a check-up of your finances. Doing so helps ensure that you end this year the right way and start the next year off as financially empowered as possible.

2015 Year-End Tax Planning Basics

As the end of the 2015 tax year approaches, set aside some time to evaluate your situation and consider potential opportunities. Effective year-end planning depends on a good understanding of both your current circumstances and how those circumstances might change next year.

Basic strategies

Planned Charitable Giving

Today more than ever, charitable institutions stand to benefit as the first wave of baby boomers reach the stage where they're able to make significant charitable gifts. If you're like many Americans, you too may have considered donating to charity. And though writing a check at year-end is one of the most common ways to give to charity, planned giving may be even more effective.

Last-Minute Tax Tips

It's that time of year again--tax filing season. And while many taxpayers like to get a head start on filing their returns, there are those of us who always find ourselves scrambling at the last minute to get our tax returns filed on time. Fortunately, even for us procrastinators, there is still time to take advantage of some last-minute tax tips.

Charitable Giving

Charitable giving can play an important role in many estate plans. Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die.

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