Tag: individual income tax planning

Tagged: individual income tax planning

Year-end tax and financial to-do list for individuals

December 12, 2018 December 11, 2018 Tax Department Tax Bites individual income tax planning, TCJA, year-end tax strategies

2019 will be here soon. Have you taken care of everything you need to do by Dec. 31 to minimize your 2018 taxes, make the most of tax-advantaged savings opportunities and avoid unnecessary penalties?

Expect to be paying elementary or secondary school costs in the future?

May 19, 2015 Tax Department Tax Bites education expenses, education fund, Education Savings Accounts, ESA, individual income tax planning

Consider an ESA. As the school year draws to a close, it’s a good time to think about Coverdell Education Savings Accounts (ESAs) — especially if you have young children. One major advantage of ESAs over another popular education saving tool, the Section 529 plan, is that tax-free ESA distributions aren’t limited to college expenses;[ … ]

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