Tax Tips & More
Inherited IRAs: Critical IRS Update for 2025
If you have inherited (or may someday inherit) an individual retirement account (IRA), the 2025 changes may significantly impact your tax planning.
15 Exceptions to the 10% Penalty on Early IRA Withdrawals
Early withdrawals from a traditional IRA before age 59 1/2 generally incur a 10 percent penalty tax on the taxable portion of the withdrawal. There are several exceptions to this rule that can help you avoid the penalty under specific circumstances.
Young Adults Should Take Advantage of IRAs
As we navigate the complexities of financial planning, one opportunity stands out for young adults: individual retirement accounts (IRAs).
Best Practices When E-Filing Returns
Avoid future problems by following these best practices for e-filing.
Common Mistakes in Tax Preparation
Avoid errors that can occur when preparing tax returns by learning these common mistakes.
What Are Your Chances of Being Audited?
These red flags could increase your chances of the IRS selecting your return for audit.
August 2025 Tax Due Dates
August 11: Tips for July 2025 reported to employer
September 2025 Tax Due Dates
September 10: Tips for August 2025 reported to employer
September 15: Estimated tax payment for third quarter of 2025
October 2025 Tax Due Dates
October 10: Tips for September 2025 reported to employer
October 15: File extended 2024 tax return (Form 1040)
October 15: Withdraw excess IRA contributions in 2024 to avoid penalty if filing of Form 1040 was extended
October 15: Contribute to solo 401(k) plan or simplified employee pension (SEP) plan for 2024 by self-employed if you received a filing extension