Tax Tips for Investors

Some years, Congress changes the rules investors face. Other years, the economy necessitates rethinking the best-laid investment plans. In between, investors’ personal situations change, from the arrival of children to the loss of a job.

“Investors face a changing environment,” says Fred H. Thomas, branch manager of Raymond James Financial Associates in Johnstown, Pennsylvania. “They need to maximize their investment dollars.”

Taxpayers trying to build wealth can weather the ups and downs of the tax side of that volatile environment by following a few historically helpful steps. Continue reading

Should My Spouse and I File Taxes Jointly or Separately?

Whether it’s something as simple as picking a restaurant or as complex as deciding whether to have children, marriage requires lots of mutual decision-making.

Financial advice

Couples who tie the knot will have another choice to add to that growing list next tax season, as they can either file joint or separate returns. This choice can affect the amount of taxes they owe or the size of their refunds.

Here’s a closer look at these two options and how to determine which filing status is best for you and your spouse.

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Didn’t Receive a W-2? Here’s What to Do

A quick tip from Lynnette Khalfani-Cox, The Money Coach®

Before you fill out your federal income taxes — or have an accountant complete that chore for you —  you’ll need to collect W-2 forms from your current or former employers. Companies are supposed to send out your W-2, also known as a Wage and Tax Statement, by Jan. 31 of each year. Unfortunately, not all businesses meet this deadline.

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