To ensure your charitable contribution, RMD, or Roth conversions are completed by the last market day of the year, we recommend that you initiate those transactions before the close of market hours on Thursday, December 28th, 2023. Please note that Qualified Charitable Distributions (QCDs) from I...
Update: It’s confirmed. taxpayers will have (according to the IRS website) until April 15, 2024, to pay and file their personal 2023 taxes. That’s the last day to file your taxes in 2024. Head’s up…many post offices stay open later on tax day to ensure you get your return fil...
Last opportunity to recharacterize 1998 Roth IRA conversions.Johnson, Linda
“waiting to make a 2023 ira contribution until early 2024, before tax day, can be helpful because there are no income surprises,” said kathryn kubiak-rizzone, certified financial planner and founder of about time financial planning in rochester, new york, in an email. you’ll be able...
You also have until April 15 to contribute to a Roth IRA for 2023. Contributions to a Roth are after-tax, so they won’t lower your tax bill. But if you’re 591⁄2 or older and have owned your Roth for at least five years, withdrawals are tax-free. Contributing to a Roth will...
If you truly can’t have your taxes done properly on time, don’t do them. You can get a six-month extension just by filingform 4868, giving you until Oct. 15 to file. If you owe money, however, you need to send the payment in by Tax Day (April 15 most years). ...
Outside of these two scenarios, it becomes a massive opportunity cost linked with the fact that your cash islosing value every day since it is not keeping up with inflation. While is can feel instinctively “safe” to hold onto a lot of cash, there’s a danger to doing so. Wh...
Recent Developments: New Medicare Taxes, Roth IRA Conversions and Possible Last Chance for Short-Term Grantor Retained Annuity TrustsSharon Trulock
Hintze, John