Spousal IRAs

Scott shares some tips on using Spousal IRAs to maximize your tax benefits. You may still be able to take advantage of these tips for 2020, since the new tax deadline has been extended to May 17th, 2021! If you have any questions, please don’t hesitate to call us at 844-CARLSON (844-227-5766).

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Tax Deadline Extended

The April 15th deadline to file 2020 federal income taxes for individuals has been automatically extended to May 17th, 2021 according to the recent announcement from the Treasury Department and Internal Revenue Service. This includes postponement of taxes owed, but does not apply to estimated tax payments (which are still due on April 15th, 2021). Virginia, Kansas…

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2020 IRA Contributions

It is tax season and time to decide whether you should make a contribution to your Traditional or Roth IRA. How can you ultimately maximize the benefit of your IRA over the long-term?  For most, you want to max out your 2020 contributions before the April 15th deadline.* *UPDATE: The April 15th deadline to file…

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