Tag Archives: Tax Planning

“Last-Minute” 2020 Year-End Tax-Saving Moves for Individuals

tax prep

There are only a few days left before the year ends, but here are some actions you can take before the new year to improve your situation for 2020 and beyond. Consider President-elect Biden’s proposals. As the year comes to an end, it is hard to predict what, if anything, that the Biden Administration has […]

CARES Act Part 2 – Individual Provisions

cares act

On Friday, the President signed into law the CARES Act. This legislation contained very significant tax law changes, the majority of which are temporary and will only be relevant for the 2020 calendar year. We’ve spent the last five days digging through this 880 page legislation to highlight the most relevant changes for you.  Below […]

The Smartest Way to Minimize Tax on a ROTH IRA Conversion

Considering converting your Traditional IRA into a Roth IRA? You’re not alone. Many of my clients are wondering if they should convert their IRA now and pay tax on the conversion this year, or wait till next year when tax rates may be lower. If you are already sold on converting to a Roth IRA, you […]