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Tax planning

Here are key things to know before tapping inherited IRAs

by Adrian Jhonsan
Here are key things to know before tapping inherited IRAs

Jacob Wackerhausen | iStock / 360 | Getty Images If you’ve inherited an individual retirement account since 2020, you could have a shorter timeline to withdraw the money, which can …

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What taxpayers can learn from the Biden, Harris 2023 tax returns

by Adrian Jhonsan
What taxpayers can learn from the Biden, Harris 2023 tax returns

President Joe Biden and Vice President Kamala Harris deliver remarks about healthcare in Raleigh, North Carolina on March 26, 2024. Peter Zay | Anadolu | Getty Images President Joe Biden …

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Here’s what to know on Tax Day if you still haven’t filed your return

by Adrian Jhonsan
Here’s what to know on Tax Day if you still haven’t filed your return

Danny Werfel, IRS Commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023. Ting Shen | Bloomberg | Getty Images File by the …

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Here’s what to do if you can’t pay your taxes by the deadline

by Adrian Jhonsan
Here’s what to do if you can’t pay your taxes by the deadline

File your return by April 15 even if you can’t pay If you can’t cover your taxes in full, you should still file your return by April 15 and pay …

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The first quarter estimated tax deadline for 2024 is April 15

by Adrian Jhonsan
The first quarter estimated tax deadline for 2024 is April 15

If you are racing to file taxes, you could miss another key deadline: the April 15 due date for first-quarter estimated tax payments. Estimated tax payments typically apply to earnings …

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Here’s how to file a federal tax extension for free in minutes

by Adrian Jhonsan
Here’s how to file a federal tax extension for free in minutes

Cavan Images | Getty Images If you need more time for your taxes, there’s a quick, free way to file a federal tax extension online, according to experts. This season, …

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Why new build homes can lead to a property tax surprise

by Adrian Jhonsan
Why new build homes can lead to a property tax surprise

Comstock Images | Stockbyte | Getty Images It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter …

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IRS adds ‘important update’ for free Direct File pilot

by Adrian Jhonsan
IRS adds ‘important update’ for free Direct File pilot

D3sign | Moment | Getty Images With one week until the April 15 federal tax deadline, the IRS has released an “important update” for Direct File, the agency’s free tax …

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Here’s who can claim a ‘special tax credit’ for retirement savings

by Adrian Jhonsan
Here’s who can claim a ‘special tax credit’ for retirement savings

Halfpoint Images | Moment | Getty Images Some retirement savers can still snag an extra tax incentive for 2023. However, most eligible filers don’t claim it, according to the IRS. …

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How to reduce your tax bill or boost your refund before the deadline

by Adrian Jhonsan
How to reduce your tax bill or boost your refund before the deadline

Drakula & Co. | Moment | Getty Images More from Smart Tax Planning: Here’s a look at more tax-planning news. 1. Get an ‘immediate deduction’ from your IRA One of …

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