Taxes
Income, capital gains and state taxes, Roth conversions, tax legislation and retirement tax planning.
The 4 Taxes You Won't Pay if You Retire in Tennessee
Tennessee is a top retirement destination with no state income tax, investment taxes, or estate/inheritance taxes, though it has high sales tax. Retirees can maximize these tax advantages with proper planning.
New York retirement taxes may surprise you
Marianela Collado discusses crucial retirement planning aspects for NYC retirees, covering residency rules, tax complexities, and weighing the financial impact of staying vs. relocating.
Is Kentucky the Best State to Retire? Breaking Down the Facts
Explore Kentucky's retirement allure: affordable living, picturesque landscapes, and tax-friendly policies. Consider investment income and inheritance tax implications.
Retire in Puerto Rico for tax haven advantages - Revised
Considering retirement in Puerto Rico? Explore the benefits, downsides, and financial planning tips from a CPA expert. Understand the tax implications and make informed decisions for your future retirement.
Retirees should understand these Ohio retirement taxes
Ohio offers an active retirement lifestyle with abundant parks, attractions, affordable housing, and tax-friendly policies, allowing retirees to maximize their retirement dollars and maintain Ohio residency while traveling.
Retiring in New Jersey? Don't Ignore These Tax Exceptions
"FinStream's Bob Powell interviews Jeff Christakos, CPA/PFS, on how New Jersey taxes retirees. Subscribe for more personal finance insights."
Is North Carolina Tax-Friendly for Retirees?
Considering a move to North Carolina in retirement? Flat 3.99% income tax, no Social Security tax, and property tax relief make it increasingly attractive for retirees.
Strategies to Minimize Your 2024 Tax Bill
Minimize your 2024 tax bill with expert tips from tax loss harvesting to charitable giving. Optimize your tax planning for a brighter financial future.
Trump Vs. Harris Tax Proposals
Trump Vs. Harris Tax Proposals: Learn how potential tax reforms could impact wealthy individuals. Plan ahead with expert insights.
The States With the Highest and Lowest Overall Tax Burdens
States With the Highest and Lowest Overall Tax Burdens: Some states provide better quality government services for the amount of taxes residents pay.
File Your Taxes Like a Pro: Must-Know Tips About Tax Forms
File Your Taxes Like a Pro: Must-Know Tips About Tax Forms: The video provides tips on important tax forms to know about before filing your 2023 taxes.
Tax Moves to Consider Before the 2017 Tax Cuts Expire
Tax Moves to Consider Before the 2017 Tax Cuts Expire - Ask The Hammer: In this segment of "Ask the Hammer," Jeffrey Levine from Buckingham discusses tax strategies in anticipation of the expiration of the 2017 tax cuts. Levine highlights that many changes in the individual income tax code, such as the higher standard deduction and the Qualified Business Income (QBI) deduction, are set to expire at the end of 2025. This expiration could lead to higher tax bills for most people in 2026.
Strategies to Reduce Taxable Income
Strategies to Reduce Taxable Income : In this episode of "Ask the Hammer," Jeffrey Levine from Buckingham addressed a common concern: how to lower taxable income for the year. Levine emphasized that the best approach depends on individual circumstances. He suggested several strategies, including contributing to employer-sponsored retirement plans like 401ks or 403bs, utilizing Health Savings Accounts (HSAs), and leveraging Flexible Spending Accounts for healthcare or dependent care.
10 Ways to Maximize Your Charitable Giving
10 Ways to Maximize Your Charitable Giving: Alan Gassman, senior partner at Gassman, Crotty & Denicolo and co-author of "The Advisor’s Guide To Charitable Giving, Organizations & Creative Structuring" provides some of the most important strategies and vehicles to consider when planning with respect to charitable giving.
Understanding Tax Credits and Deductions for Small Business Owners
Understanding Tax Credits and Deductions for Small Business Owners: In this excerpt from Your Money Map with Jean Chatzky, Michelle Singletary discusses tax credits and deductions for small business owners.
Figuring Out Withholding
Figuring Out Withholding: A Guide to Navigating IRS.Gov's Withholding Calculator. Michelle Singletary discusses withholding.
5 Questions to Consider Before Filing Your Taxes
Fidelity Investments recommends double-checking these 5 items before you send in your tax return.
Why You Should Consider Tax-Loss Harvesting
Amy Shepard from Sensible Money discusses why you should consider tax-loss harvesting
What to do with Form 1099R
Dana Anspach, CFP, RMA from Sensible Money discusses tax tips related to IRS Form 1099R.
What Are Estimated Taxes?
CJ Miller of Sensible Money explains what estimated tax payments are, why people need to make them; who typically needs to make tax payments; what happens if you don't pay enough; and how to make payments.
Tax Planning in Retirement
Tax Planning in Retirement: Beau Kemp shares some strategies for tax planning as part of your retirement plan.
Tax-Centric Financial Planning Strategies
Retiring in 2022? Patrick Kuster CFP, of Buckingham Strategic Wealth describes tax-centric financial planning strategies soon-to-be retirees should consider in 2022.
Should You Take Your Tax Refund?
Whether a refund is a good or bad thing is not so clear-cut, according to Ken Rosenbaum CPA, RLP®, Wealth Advisor of Buckingham Strategic Wealth.
Reduce Capital Gains Tax on the Sale of a Business
Robert Klein, CPA with the Retirement Income Center discusses strategies for small business owners to reduce capital gains tax.
Money in Minutes – What is the Fair Tax Proposal?
Jean-Luc Bourdon of Lucent Wealth discusses the Fair Tax proposal to eliminate the IRS and create a national sales tax.
IRS Notice 2022-53: What You Need to Know
Denise Appleby from Appleby Retirement Consulting discusses IRS Notice 2022-53 and how it effects distributions for designated beneficiaries.
Introduction to Charitable Giving
In this webinar, John Nersesian, the head of adviser education at PIMCO, details everything you need to know about charitable giving: what to give; who to give to; when to give; and how to give.
Four Year-End Tax Planning Strategies
Philip Herzberg presents 4 year end tax planning strategies.
Dreading Income Tax Season? Try Planning Instead
Maryann Vognild, CFP, Wealth Advisor with Buckingham Strategic Wealth presents tax planning strategies. Tax planning involves: 1) projecting income for a given year; 2) making knowledgeable decisions about future income and tax events; and 3) determining what, if anything, can be done to lower the overall tax paid.
Capital Gains Tax Explained!
CJ Miller of Sensible Money explains the capital gains tax and some strategies to take advantage of capital gains tax rates.
Can You Claim Gambling Losses on Your Taxes?
Jeffrey Levine of Buckingham Wealth Partners, aka “The Buckinghammer” explains whether taxpayers can claim gambling losses on their taxes.
Avoiding Tax Return Mistakes
Dana Anspach from Sensible Money shares common tax return mistakes to avoid that could save you money.
Ask The Hammer: Is it Worth Doing a Roth IRA Conversion Before the Tax Laws Change?
Should you move money from your IRA's and 403B's to Roth IRAs to get ahead of the coming tax rate changes? Jeffrey Levine, aka The Hammer, discusses IRA 's and Conversions.
Ask The Hammer: How Can Business Owners Sidestep the $10,000 Cap on State and Local Tax Deductions?
Jeffrey Levine of Buckingham Wealth Partners explains how business owners can sidestep the $10,000 cap on state and local tax deductions.
This Tax Season Use Your Refund to Give Yourself Financial Peace
This Tax Season Use Your Refund to Give Yourself Financial Peace: As people hustle to complete their taxes before mid-month, others are debating how and where to spend refunds that have already come in. GreenPath has some advice on ways those extra dollars can be used to bring financial peace to individuals and families.
Taxable Income Includes Gig Economy and Tips
Taxable Income Includes Gig Economy and Tips: It's important for taxpayers to file a federal tax return that has a complete and correct reporting of their income – which may mean including income from sources other than regular wages from an employer. Income from gig economy activities and tip income are two common sources of such income.
Can I contribute to a tax deductible IRA?
Can I contribute to a tax deductible IRA? In this episode of Ask The Hammer, Jeffrey answers the question: Can I contribute to a tax deductible IRA?
How Best to Work with a Tax Preparer
How Best to Work with a Tax Preparer: In this finStream video, Jean-Luc Bourdon answers the question: What is the best way to work with a tax preparer?
Protect Yourself From Tax Fraud
The recent NPD data breach could impact your tax refund and increase your risk of identity theft. With tax season coming up, here's how to protect yourself.
Ask the Hammer: Is Social Security Income Tax-Free?
Financial adviser Jeffrey Levine explains tax implications for Social Security recipients.
Tax Tips: What Is a Section 179 Depreciation Deduction?
Confused about Section 179 and depreciation? We compare the two, providing clarity on which strategy is most advantageous for your small business.
Navigating an Uncertain Tax Landscape: TCJA Sunset
Key tax provisions from the Tax Cuts and Jobs Act of 2017 are set to expire in the near future. Here's what you need to know.
Tax Cuts and Jobs Act: Key Provisions Expiring
The future of key tax provisions from the 2017 Tax Cuts and Jobs Act remains uncertain.
Key Insights on Future Tax Provisions After TCJA Expiration
Explore expert predictions on potential changes impacting taxpayers as deadlines approach.
Which U.S. States Have the Highest Property Taxes?
Discover the states where property taxes are the highest, as revealed by the Tax Foundation. See how your state compares.
Which U.S. States Have the Highest and Lowest Property Taxes?
The Tax Foundation’s study unveils surprising tax trends.
Breaking the Cycle: Are Your Spending Habits Holding You Back?
With 32% of Americans indulging in alcohol, gambling or substances weekly and 11% going into debt, it’s time to assess whether your spending aligns with your financial goals.
Breaking the Cycle: Are Your Habits Holding You Back?
With 32% of Americans indulging in alcohol, gambling or substances weekly and 11% going into debt for them, it’s time to assess whether your spending aligns with your financial goals.
New Mexico Retirement Guide: Tax-Friendly Living for Seniors
Learn why New Mexico is a haven for retirees. Discover its zero estate tax, low property tax rates, income tax exemptions and more.
Unlocking Tax Benefits with Reverse Mortgages
Housing wealth expert Don Graves explains how leveraging home equity through a reverse mortgage can create tax-free income streams and protect retirement assets.
Vermont Retirement: Climate, Taxes & Community
Get a detailed overview of retiring in Vermont, including its low crime rates, strong community engagement and stunning natural beauty. Understand the financial aspects, such as Social Security exemptions, estate taxes and the cost of living.
Slash Your Retirement Taxes: The Reverse Mortgage Advantage
Learn how a reverse mortgage can supplement your retirement income without increasing your tax burden. Discover strategies for managing capital gains, RMDs and other tax challenges.
Which State Should You Retire In?
Wondering which state is the best for your retirement? Discover the answer here.
Ohio Retirement Guide: Tax-Friendly Living for Seniors
Uncover the financial benefits of retiring in Ohio. Learn about the state's low cost of living, property tax relief for seniors, and income tax credits.
Arkansas Retirement: Affordable Living & Tax Benefits in 2025
Arkansas is a top retirement destination in 2025. Explore low housing costs, property tax credits, Social Security exemptions and other financial advantages for seniors.
How Are Social Security Benefits Taxed? A Comprehensive Guide
Learn how to minimize the taxes you pay on your Social Security benefits. This article explores strategies for reducing provisional income, including timing income events, and the impact of Roth IRA conversions.
Retiring in Oregon: Financial Insights, Pros and Cons
This comprehensive guide to retiring in Oregon includes tax benefits, cost of living considerations and lifestyle advantages.
What Happens If I Didn’t File My Taxes?
This year’s tax deadline was April 15. If you’re seeing this and realizing that you have not yet filed your taxes, keep reading.
GOP Budget Proposal: 2025 TCJA Extension
With this new budget proposal, maybe not. Ben Henry-Moreland outlines what it could mean for you.
Smart Moves for RMDs: 6 Strategic Ways to Make the Most of Distributions You Don’t Need
Don’t let unneeded RMDs inflate your tax bill.
Planning for Retirement Taxes: Fewer Withholdings, Less Stress
Retire worry-free by minimizing tax withholdings and avoiding underpayment penalties.
Retirement & Giving: Secure Your Future with Life Income Gifts
Discover how donors can leverage life income gifts to supplement retirement funds, reduce taxes, and make a meaningful impact on their favorite causes.
Tips About Tax Forms
Philip Herzberg, CFP, CTFA, AEP with Team Hewins offers tips for filing 2021 tax forms: Form 1099, 1099r, QCDs, RMDs, Rollovers, Distributions, Form 5498,Form W-4, traditional IRAs. Roth IRAs, and Simple IRAs are discussed.
Ask The Hammer – Can I convert my RMD to a Roth IRA?
In this video, Jeffrey Levine - aka The Hammer - discusses required minimum distributions (RMDs) from traditional Individual Retirement Accounts (IRAs), including when to take the RMD and how to do a Roth conversion.
4 Considerations for 1031 Exchanges to Defer Taxes
Philip Herzberg a lead financial advisor at Team Hewins, discusses 4 considerations for 1031 Exchanges to defer taxes.
Capital Gains Tax
Capital Gains Tax: In this episode of Ask The Hammer, Jeffrey Levine discusses managing capital gains taxes.
Five Questions to Consider Before Filing Your Taxes
Five Questions to Consider Before Filing Your Taxes: As you fill out your 2022 return, double-check these items.
Avoiding state taxes on the sale of a business
Avoiding state taxes on the sale of a business: In this episode of Ask The Hammer, Jeffrey talks about how to potentially avoid state taxes on the sale of a small business.
How do I maximize tax efficiency?
How do I maximize tax efficiency? In this episode of Ask The Hammer, Jeffrey advises a viewer on maximizing tax efficiency.
States with the Highest & Lowest Property Taxes
Discover which U.S. states have the highest and lowest property taxes. Find out how home values impact tax rates in different counties.
Smart Tax Planning Moves You Need to Make
Maximize tax savings with expert advice on income tax planning steps for your tax return. Join FinStream's Bob Powell and Lisa Featherngill from Comerica Wealth Management.
Retirement Withdrawal Strategy: Tax-Efficient Planning for Your Income
Discover the ideal sequence for withdrawing funds from your 401(k), IRA, Roth IRA, and brokerage accounts.