Want to impress your friends with knowledge of reducing your taxes using investment sales? I’m going to teach you. We all know the adage, “buy low, sell high.” Well, sometimes your investments don’t turn out the way you want them to, and you may want to consider selling low. Tax loss harvesting is when you …
Tax Planning
Year End Deadlines
Year end deadlines are important milestones for taxes and financial matters. Here are some important year end deadlines to keep in mind: Benefit “Open Enrollment” periods – Workplace November 1, 2021 – January 31, 2022 Last day to enroll in new health insurance plan on healthcare.gov January 15, 2022 Tax loss harvesting (more about this …
Employee Stock Options I
Part 1 of 2 What the heck is an employee stock option? Publicly traded companies may offer employees stock options as a form of incentive compensation. These options give you the right to purchase company stock at a specific price. There’s a lot of jargon to share when it comes to employee stock options. The …
Winning the Lottery!
What to do After Winning the Lottery July 17th was National Lottery Day. So, did you play? Let’s imagine you winning the lottery! Congratulations! What’s the first thing you should do? If your answer was, post it on Facebook, you would be wrong. The best thing to do is to remain anonymous, if possible. Currently …
Standard deduction or itemize?
It is tax time, should we take a standard deduction or itemize? Normally, we would have our taxes filed by now, but this year we have an extension. But I am not thinking about taxes, I am thinking about summer, which I am going to tie into taxes on today’s blog. We typically rent a …