Article Live Where the Taxes Are Low Updated: April 14, 2022 With home prices at their peak, it pays to factor other financial benefits into your relocation plan. Whether you’re downsizing your footprint, thinking about working remotely, or moving closer to your kids or grandkids, don’t forget that there are tax advantages to claim if you move to a lower-tax … Read Morekeyboard_arrow_right
Article Tips for Tax-Loss Harvesting By Cathy Lee — April 4, 2022 This week’s reader question: What is the best way to think about tax-loss harvesting—what are your thoughts on timing and best practices? Cathy Lee, Tax Associate, had this to say: Tax-loss harvesting—selling a losing investment to reduce your tax obligations—can help minimize taxes by offsetting capital gains and up to $3,000 … Read Morekeyboard_arrow_right
Article 5 Questions to Ask Your Accountant March 9, 2022 FEATURING David Mastroianni, Kari Wolfson and Patrick Carlson April 15 may well be a day of dread for most Americans. Working with an experienced accountant can help a lot. But how do you know when you’ve found the right fit? In this episode, David, Kari and Patrick walk you through some key … Read Morekeyboard_arrow_right
Article Tax Tips for Switching ZIP Codes February 14, 2022 In a previous post, we touched on the nuances of changing your domicile. Now, let’s take a deeper dive into tax advantages and financial considerations. Estate & inheritance tax. The IRS exempts taxes on estates valued at $12.06 million or less at the time of passing for individuals (a … Read Morekeyboard_arrow_right
Article 5 Tax Deductions You Need to Know February 8, 2022 Tax season has kicked off. Now is the time to take advantage of every deduction and credit you’re entitled to. Here are five that could make a difference to your bottom line. Cash contributions. Prior to 2020, claiming a charitable deduction on your tax return required you to itemize. In other words, you … Read Morekeyboard_arrow_right
Guide Key Financial & Tax Planning Reference Guide 2022 February 5, 2022 Read Morekeyboard_arrow_right
Article Four Tips for End-of-Year Tax-Planning December 23, 2021 Mistletoe and merrymaking mean the year is nearly over. With that in mind, we have four last-minute tax tips for you to consider before the ball dips and the calendar flips to 2022. Take advantage of charitable deductions: If you’re looking for ways to lower your 2021 tax bill, Read Morekeyboard_arrow_right
Article The New Child Tax Credit FAQ By Andrew Busa — August 9, 2021 This week’s reader question is about the child tax credit for 2021: What should I know about eligibility and financial planning implications for the new child tax credit? The American Rescue Plan made significant updates to the child tax credit for 2021 that could dramatically lower the tax bills of families … Read Morekeyboard_arrow_right
Article Are ETFs More Tax-Efficient? Not at Vanguard June 9, 2021 Are ETFs More Tax-Efficient? Not at Vanguard In April, we parsed every Vanguard and Fidelity fund and exchange-traded fund (ETF) to highlight the most (and least) tax-efficient among them. This week, we look at how ETFs and funds differ in how their tax status impacts your portfolio’s bottom … Read Morekeyboard_arrow_right
Article Getting Ready for Higher Taxes By Patrick Carlson — June 1, 2021 This week’s reader question is about future tax hikes: What does the Biden tax plan mean for investors? Should I be making changes to my financial plan or portfolio at this point? The first thing to remember is that all the tax hikes you’ve been hearing about—except those already passed in … Read Morekeyboard_arrow_right