The Invisible Tax
Category: Financial Planning » Taxes
One of the things married couples often do not consider in their planning is what I like to call the “Invisible Tax.”
Preparing Your Own Tax Return: Is It Worth It?
Category: Financial Planning » Taxes
Guest Blogger Eric Wahlstrom, CPA. With easy access to online or off-the-shelf software, preparing your own tax return is often appealing as an affordable, logical option.
Important Updates on IRA Tax Reporting
Category: Financial Planning » Taxes
It is the taxpayer’s responsibility to keep records of distributions made to charity and contributions to their IRA and account for those on their tax return.
What Can You Do Before the 2021 Tax Deadline?
Category: Financial Planning » Taxes
Even though the 2020 calendar year ended, it doesn't mean the tax year has completely ended. There are a handful of items to consider before the April, 15th tax filing deadline.
Tips to Help Keep You on Track for Your Financial Goals
Category: Financial Planning » Taxes
Personal financial planning is critical to help ensure that, in both good times and bad, emotions do not lead to irrational money management decisions and costly mistakes.
What Can You Do Before the 2021 Tax Deadline?
Category: Financial Planning » Taxes
As you wait for those semi-warm days of spring, there are a few things you can do between now and April 15th connected to your 2020 tax return.
Raising Kids, Lowering Taxes
Category: Financial Planning » Taxes
Raising kids costs money. But what if I told you that raising kids also lowers taxes? Here are a few areas of tax relief available to parents.
Webinar: Creating Your Paycheck in Retirement
Category: Financial Planning » Taxes
Joe Bantz and Jason Brown discuss strategies for tapping into your portfolio during retirement.
Are Those Happy Tears?
Category: Financial Planning » Taxes
Tears, bottles, diaper changes, onesies, little fingers, and strange sleep schedules – as many of you know, these are just a few of the things to expect when you bring home your newborn from the hospital. And here’s something else to expect: new tax credits! While I know good parents don’t have kids to lower their tax bill, it’s nice of the US Government to extend a bit of kindness to those taking on the heartache – and joy! – of becoming parents.
Raising Kids, Lowering Taxes
Category: Financial Planning » Taxes
Raising kids costs money. But what if I told you that raising kids also lowers taxes? Here are a few areas of tax relief available to parents.
Webinar: Creating Your Paycheck in Retirement
Category: Financial Planning » Taxes
Joe Bantz and Jason Brown discuss strategies for tapping into your portfolio during retirement.
Are Those Happy Tears?
Category: Financial Planning » Taxes
Tears, bottles, diaper changes, onesies, little fingers, and strange sleep schedules – as many of you know, these are just a few of the things to expect when you bring home your newborn from the hospital. And here’s something else to expect: new tax credits! While I know good parents don’t have kids to lower their tax bill, it’s nice of the US Government to extend a bit of kindness to those taking on the heartache – and joy! – of becoming parents.
Webinar: Navigating The Proposed Tax Changes
Category: Financial Planning » Taxes
There are a lot of unanswered questions about the newly proposed tax bill under the current administration. In this webinar, we explored the implications of the new proposals on your finances.
Analyzing the American Families Plan Tax Proposal
Category: Financial Planning » Taxes
After months of speculation, on September 13th, the House Ways and Means Committee released a proposal for tax reform effective in 2022 (and possibly in 2021 for selected provisions). The proposal contains a number of provisions that were expected, and a few surprises that we did not expect.
Game Saving Plays for 2021 Financial Planning
Category: Financial Planning » Taxes
Once the proverbial game clock expires on December 31st, our financial decisions are, for the most part, locked in. There’s no going back. Here are some suggestions to consider for your savings and/or to mitigate the tax bite for 2021.
What Tax Documents Do Investors Need to File?
Category: Financial Planning » Taxes
I start getting anxious this time of year when I am forced to collect all the necessary information for my tax advisor. In preparation for the upcoming tax deadline, Monday, April 18, 2022, I wanted to summarize what to expect in the way of relevant tax information related to your investments.
Iowa Income Tax Changes Have an Impact in 2022
Category: Financial Planning » Taxes
One of the significant changes in the tax reform bill signed by Governor Reynolds on March 1, is the eventual elimination of federal tax deductibility for determining taxable income. Iowa was one of the few remaining states that allowed taxpayers to deduct federal taxes to determine their state income taxes.
Pay Me Now or Pay Me Later | Financial Perspectives (In a Minute)
Category: Financial Planning » Taxes
While this year has had its share of negative financial news, there might be one opportunity to pay some taxes now in order to save some money on taxes later. This week, Kent Kramer walks us through Roth IRA conversions.
Year-End Opportunities & Cautions | Financial Perspectives
Category: Financial Planning » Taxes
It's that time of year – what's left on your list for 2022? This week, Kent Kramer discusses three possible ways to save on taxes, one possible way to increase the return on your cash, and one cautionary tale as a reminder as we think about investing in 2023.
Have You Considered a Cash-Balance Plan?
Category: Financial Planning » Taxes
Many business owners are looking for more tax-friendly ways to save for retirement. A cash balance plan could be the answer.
The Gift of Financial Success
Category: Financial Planning » Taxes
Time is the greatest money-making asset you can possess. The earlier you start investing, the easier it is to ensure a lifetime of financial success. Parents and grandparents, there may be an opportunity to give the gift of financial success to your young adult family members while also enjoying estate and tax planning benefits for yourselves.