Gains & losses come from the sale of assets—sounds easy, but there are reasons to consult a tax expert before year-end. Read more in this week’s Tax Tip.
“Money Talks” hosts discuss how to reduce taxable income by contributing to your retirement plans.
Small-business owners have excellent opportunities to save for retirement, often with tax benefits for the business. Read more in this week’s Tax Tip.
Businesses with qualified production activities can take advantage of the Domestic Production Deduction on their taxes. Read this Tax Tip for more.
Taxpayers age 70½ or older are allowed a qualified charitable distribution (QCD), which lets you to direct your IRA trustee to make a distribution, up to $100,000, directly from your IRA to a qualified charity. This QCD fulfills the required minimum distribution for the year.