Planning matters

Decoding Tax-Loss Harvesting

You know the adage: “When life gives you lemons, make lemonade.” During the market downturn, we’ve been watching for opportunities to apply this wisdom to client portfolios using a practice called tax-loss harvesting. But how can taking a loss be a good thing? As a rule, it’s not a good idea to sell investments in…

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Preparing for Tax Season 2022

Last week the IRS announced our nation’s tax season will officially start Monday, Jan. 24, 2022 – meaning the tax agency will begin accepting and processing 2021 tax year returns on that day. Are you ready for tax season 2022? With the lingering pandemic, a variety of tax changes have happened in the last year,…

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Steps to Make End of Year Less Taxing

The end of the year is fast approaching, and the holiday season is here! While it’s easy to push things off until the last minute, now is a good time to review your current financial records and take advantage of any last-minute tax savings. Also consider other steps you can take now – during Giving…

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The New Child Tax Credit Guidelines

Did you know you may have an extra few hundred dollars per month on the way from the IRS this July through December? If you have dependent children in your household read on to see how the updated Child Tax Credit may affect your family in 2021. The COVID-19 pandemic has brought far-ranging changes to…

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Tax History Trivia Time

Time to celebrate! With Tax Day officially being over, we thought we’d take a fun diversion from our normally scheduled written blog post and test your tax history knowledge. Click on the below link to see how well you know your tax history stats. Don’t worry, your answers are completely anonymous. Have fun! https://www.surveymonkey.com/r/taxhistorytrivia

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