investments Archives

The tax consequences of selling mutual funds

Jun 27, 2024 | Individuals

Investing in mutual funds is popular, but selling shares may result in complicated tax matters. Here are the rules.

When do valuable gifts to charity require an appraisal?

May 23, 2024 | Individuals

If you donate valuable assets to charity and don’t follow certain requirements, the charitable tax deduction may be denied. Here are some answers to questions about how to protect your deductions.

IRAs: Build a tax-favored retirement nest egg

Feb 22, 2024 | Individuals

How much can you save in an individual retirement account this year and when do you have to start making withdrawals? Here are the answers to these and other IRA questions.

4 ideas that may help reduce your 2023 tax bill

Dec 14, 2023 | Individuals

Before you know it, 2024 will be here. But until then, there may still be time to reduce your 2023 federal tax liability by taking these steps.

Maximize your 401(k) plan to save for retirement

Dec 14, 2020 | Individuals

Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a smart way to build a substantial sum of money. If you’re not already contributing the...

Do you have tax questions related to COVID-19? Here are some answers

May 18, 2020 | Individuals

The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now. My employer closed the office and I’m working from home. Can I deduct any of the related expenses? Unfortunately, no. If you’re an...

IRA account value down? It might be a good time for a Roth conversion

Apr 29, 2020 | Individuals

The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn. But if you have a traditional IRA, this downturn may provide a valuable opportunity: It may allow you to convert your traditional IRA...

Donate appreciated stock for twice the tax benefits

Nov 26, 2018 | Individuals

A tried-and-true year-end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock...

Nonqualified stock options demand tax planning attention

Nov 2, 2017 | Individuals

Your compensation may take several forms, including salary, fringe benefits, and bonuses. If you work for a corporation, you might also receive stock-based compensation, such as stock options. These come in two varieties: nonqualified stock options (NQSOs) and...

Investors: Beware of the wash sale rule when trading

Oct 2, 2017 | Individuals

A tried-and-true tax-saving strategy for investors is to sell assets at a loss to offset gains that have been realized during the year. So if you’ve cashed in some big gains this year, consider looking for unrealized losses in your portfolio and selling those...

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