Ultimate Tax Guide 2021: What You Need to Know to File Your Taxes

Alongside visiting the dentist or cleaning the garage, filing taxes may not be your favorite activity— but pouring over paperwork and wrangling receipts is an annual necessity. This year, a few factors make filing taxes in 2021 (for tax year 2020) a little different from previous seasons and could impact what you may owe or […]


How to Use Tax-loss Harvesting to Lower Your Taxes

No one likes paying taxes. And no one is happy when an investment loses money. As an investor, you probably can’t avoid either one of these scenarios, but you can learn about tax-loss harvesting to help make the most of both. What is tax-loss harvesting? Tax-loss harvesting is a way to balance the gains in […]


2021 Child Tax Credit: Who Qualifies and What’s the Effect on Communities of Color?

It’s hard to believe we’ve now lived through more than a year of the COVID-19 pandemic. As the vaccine rollout brings a new sense of hope to the country, many families still struggle with the financial implications of the past 12 months. Fortunately, another beacon of relief is on the horizon: The $1.9 trillion American […]


4 Steps to Make Filing Your Taxes Easier

Tax season is here, and the deadline is quickly approaching. This year, tax day is April 15, 2021. If you haven’t submitted yet, consider the four steps below to help simplify the process of filing your taxes. 1. Get Your Documents in Order You might have elected to receive your tax documents electronically, or you […]


Taxes in July? What You Need to Know for the Tax Deadline Extension

Some good news during our stay-at-home time. Spring is upon us, bringing longer days, warmer temperatures, cheerful blooms … and a welcome extension of the annual tax deadline. This historic pushback has moved the filing date from April 15, 2020, to July 15, 2020 — giving you some additional breathing room to complete your tax […]


Treat Yourself or Save? 14 Ideas to Make the Most of Your Tax Refund

Whether you file your taxes yourself, enlist the help of an online service or advisor, or forward your W2 along to mom and dad and let them take care of the rest (no judgement here), you probably have your fingers crossed, hoping for a refund from the IRS. Because everyone’s earnings, deductions, and credits vary, […]


What You Need to Know About Tax Withholdings

When tax season rolls around, you might bank on getting that big fat refund. In 2018, the average taxpayer who received a refund netted a cool $2,899, according to the IRS. You’re pumped about getting a nice chunk of change from the tax man—but what if you didn’t have to wait until tax season to […]


What to Do with Your Tax Refund: Spend or Save?

When you don’t procrastinate filing your taxes, now is when you get a tax refund for all that diligence. But what should someone do with this welcomed windfall? If there’s a light at the end of the tunnel during tax season, it’s definitely the refund. Here are four suggestions for how to spend or save. […]


A Taxing Season: Say No To Procrastination

To procrastinators, April 18th is a long way off. Yet every year tax season sneaks up on them. Thankfully, there’s still time left. There’s no need to wait until the last minute again. But even with one extra day for the leap year, February remains the shortest month. The panic of April 17th is quickly […]


Tax Considerations to Keep in Mind When Contributing to Your IRA or 401(k)

Even if your retirement is several years away, you need to keep all sorts of things in mind when planning for it: where you’ll want to live, whether you’ll rent or buy a new home, and how you’ll strategize your 401(k) and IRA contributions to come out ahead tax-wise. As always, you’ll want to talk […]

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