Key Takeaways The average annual tuition at a private four-year college is more than $32,000 529 college funds can help supplement costs Any family member can use a 529 plan—even the parent Among the many things COVID-19 changed is how we view post-secondary education. Many parents and students now ask if the traditional college experience […]

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Key Takeaways Prepare for your 2020 filing by getting organized with a checklist Know your deadlines for filing and contributing to retirement accounts Learn how key tax changes for 2020 could impact tax strategy Let’s face it: 2020 has been a strange year for most Americans. Many would call it a year to forget. But […]

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Key Takeaways Non-covered cost basis and taxes related to options contracts are two common areas of confusion on the 1099-B  For TD Ameritrade clients, the Gain/Loss page powered by GainsKeeper® can help you track non-covered cost basis The accounting for options contracts that are liquidated or that expire worthless is more straightforward than that involving exercise or […]

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Key Takeaways If you have dividend income over $10, you’ll need to complete a 1099-DIV form The difference between ordinary and qualified dividends comes down to how they’re taxed Reallocations and spillovers may affect the timing of your dividend tax forms You’ve worked all year to get your long-term portfolio just right by researching yields […]

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Key Takeaways There are several potential tax benefits for education expenses—some in the form of credits and others as deductions Recent tax law changes made 529 plans more flexible Review your situation to see which tax benefits work for you With all that’s been going on in the world, it’s hard to keep up with […]

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