Taxpayers may want to consider a Roth IRA conversion for 2024 but need to act before the end of the year to realize income this year. Here are some considerations when deciding if a Roth conversion makes sense.
To maximize tax benefits from year-end charitable giving, you may want to use strategies like lumping contributions, making qualified charitable distributions from IRAs, and gifting appreciated assets. Here are some key considerations when planning.
With year-end looming, consider taking action now to determine if annual gifts make sense. Here are some useful strategies to consider for estate planning.
In 2025, Social Security will see a 2.5% cost-of-living adjustment. At the same time, Medicare Part B premiums and the annual deductible will increase. Here are the key changes planned for Medicare and Social Security.
Before the year 2024 comes to a close, it's time to potentially optimize your tax strategy.
Retirement plan savers looking to mitigate the risk of future higher taxes may benefit from making after-tax contributions to employer plans.
Year-end can be an opportune time to review finances, rebalance portfolios and possibly reduce taxes.
Medicare open enrollment, which is underway and runs until December 7, allows individuals to change or sign up for plans, as well as potentially save money and improve their coverage.
Surviving a disaster involves securing safety, accessing help from agencies, and documenting damages for insurance claims.
Taxes are top of mind for many. See what the US presidential candidates think about tax policy as we enter the final weeks before the election.
The expiration of the TCJA in 2025 could mean a tax increase for many taxpayers. But the impact varies based on income, location and personal situation.