Key Takeaways Yearend charitable donations are critical for nonprofit organizations Many charities are seeing greater needs but receiving fewer donations  Recent legislation has changed how charitable donations may affect tax returns The holidays are a time for giving; a time to reflect on the year’s bounty. Many people use November to start planning their charitable […]

Continue Reading

Are you ready? After a series of pandemic-related suspensions, thwarted forgiveness attempts, and court challenges, federal student loan payments are coming back. As things stand, interest will start accumulating on federal student loan balances from Sept. 1, and the first payments are due in October. (Check with your loan servicer about the actual start date.) […]

Continue Reading

Key Takeaways Even if you don’t have a 401(k) plan through your employer, you can still find plenty of tools to save for retirement. An IRA can be a possible first step, and there are several to choose from, including tax-deferred IRAs. A Health Savings Account or a Solo 401(k) could be other tools to […]

Continue Reading

Key Takeaways The countdown to New Year’s Eve is a good time to think about your financial picture There are several steps you can take to get your finances healthier between now and December 31 Some ideas include starting a financial plan, trying to save on taxes, and building an emergency fund New Year’s Eve […]

Continue Reading

Key Takeaways The documents needed to file taxes—including W-2s and 1099s—should start arriving by February. Your income level and the complexity of your situation will determine whether you file Form 1040 or 1040A. You’ll also attach certain schedules if you have itemized deductions, capital gains or losses, or are self-employed. The tax-filing process ranks up […]

Continue Reading

Key Takeaways Update information on jointly-held accounts Collect benefits and update insurance and health care policies to reflect your single status Create a fresh long-term plan that considers your lifestyles and goals The transition period after a divorce or the death of a spouse is a time when weighty financial decisions about the rest of […]

Continue Reading

Key Takeaways Most tax software programs can help you or your tax advisor create your Form 8949 Remember to adjust for wash sales where appropriate  Futures, forex, index options and other marked-to-market products may qualify for special tax treatment Note: TD Ameritrade does not provide tax advice. We suggest that you seek the advice of a […]

Continue Reading