Important IRS Tax Deadline Changes for 2020 Taxes

The Treasury Department and Internal Revenue Service announced on March 17 that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.  This extension applies to individual taxpayers, including those...

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Important RMD Changes for 2021

There are important RMD changes for 2021 that every 401(k) investor needs to know about to avoid penalties.  Required minimum distributions (RMDs) are IRS-mandated withdrawals from retirement accounts.  The IRS requires these withdrawals to ensure that taxes are paid on amounts that were contributed on a pretax...

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