Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
Kiplinger:
Investors have neither been bearish or bullish about stocks, which explains why some experts call this zig-zagging and lackluster climate a bunny market, according to Kiplinger. There are some investing moves, however, that are worth considering. Even investing small amounts into a 401(k) or Roth IRA may be worthwhile for clients. -- Kiplinger
While some investors maybe waiting around for President-elect Trump to follow through on his promise of lowering the capital gains tax, clients can consider these strategies that may lower their payment to the IRS sooner, according to WilmingtonBiz. A 1031 exchange is one approach clients can use to avoid paying capital gains taxes. Other strategies include opening a deferred sales or charitable remainder trust. -- WilmingtonBiz
Taxes are one of life’s sure things, but clients can still make changes after the filing deadline. Here’s how.
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How a couple wrote off cat food and other breaks that boosted refunds. Plus, how charity counts toward an IRA withdrawal.
February 14 -
There are ways around having to pay as much as a 50% penalty. Plus, inheriting Roth IRAs and designing more efficient retirement portfolios.
January 31 -
Moving investments into these accounts may optimize returns and boost savings. Plus, know your IRAs and the impact of Trump's proposals on income brackets.
January 25 -
Why it's a good time to invest even small amounts into 401(k) and Roth IRA accounts. Plus, avoiding the capital gains hit.
January 17
Clients who contribute to traditional IRAs and don’t have a retirement plan through an employer could qualify for a $5,500 tax deduction, according to Motley Fool. This is because clients can deduct the amount they contribute to the traditional IRA from their tax return. -- Eligibility depends on filing status and modified adjusted gross income. -- Motley Fool
