Calculating Cost Basis Gets Easier This Year Brokers must track and report cost basis to both you and the IRS Anyone who has ever been baffled by calculating the net proceeds from the sale of an investment will find some relief, starting [more...]
Jan 192012
Every year brings some financial change, so here are some relevant changes relating to investment, tax and estate planning for 2012. Retirement plans. 401(k), 403(b) and 457 plan annual contribution limits rise slightly to $17,000, and you can contribute an additional $5,500 [more...]
The window of opportunity for many tax-saving moves closes on December 31. So set aside some time to evaluate your tax situation now, while there’s still time to affect your bottom line for the current tax year. With that in mind, here [more...]
At this time last year, income tax planning was particularly challenging. Several tax deductions had already expired, and significant changes, including new, higher income tax rates, were scheduled to take effect at the end of the year. Legislation passed in mid-December, however, [more...]
The Investment Tax Landscape: Countdown to 2013 Payroll tax bonus Want an easy way to help your retirement savings grow? The legislation that extended income tax rates also reduced payroll taxes by 2% for 2011. The extra money in your paycheck, which [more...]
