Category Tax Planning

Investing capital gains into a Qualified Opportunity Zone can defer—and potentially reduce—your tax liability. Here's how the program works and who should consider it.

The $10,000 SALT cap hits hardest in high-tax states. Here's how the limitation works, which taxpayers feel it most, and the planning strategies to offset it.

A donor-advised fund lets you take a big tax deduction now and distribute gifts to charity over time. Here's how DAFs work and why they're a top planning tool.

An extension gives you more time to file—not more time to pay. Here's how Form 4868 works, what the extended deadline is, and the mistake most people make.

If your income is below a certain threshold, you pay zero tax on long-term investment gains. Here's how to position your income to take full advantage.

Up to 85% of Social Security benefits can be taxable. Here's how provisional income is calculated and the strategies retirees use to keep more of their check.

You can give up to $18,000 per person per year without triggering gift tax. Here's how the annual exclusion works, when to file Form 709, and lifetime limits.

Once you hit 73, the IRS requires you to start withdrawing from retirement accounts. Here's how RMDs are calculated, taxed, and what happens if you miss one.

Charitable giving can lower your tax bill—but only if you do it right. Here's how cash and non-cash donations work, and when the QCD strategy applies.