I love baseball. It’s the best.

With baseball season starting and tax returns due soon, let’s take a look at an interesting intersection between the worlds of baseball and taxes:

Shohei Ohtani’s contract.

Wondering what you might be able to do to improve your tax picture?

Tax planning can be extremely beneficial, potentially leading to thousands upon thousands of dollars saved if done well.

Let’s go through 15 common strategies I use with my clients. My hope is that perhaps something in here will be helpful to you, hopefully reducing that pesky tax bill a bit.

Thinking about retiring?

There’s a lot to unpack. Lots to consider.

Just to get the juices flowing, here are 15 quick ideas.

You may have heard that President Biden recently signed the SECURE Act 2.0 into law. The good news is that there’s a lot in there that should be quite helpful to many of you. The bad news is that it makes the rules around retirement and tax planning even more complex than they already are.

Let’s take a look at the SEVEN new provisions that I think may provide the most benefit to people reading this blog.

Ready to be bored? Let’s dig in!   

Everyone does tax preparation, yes? Maybe you prepare your taxes yourself. Or maybe you hire a tax professional to do it for you.

But not too many people do tax planning.

Do you? Should you?

A common piece of advice is to max out your pre-tax 401(k) while you work. You'll get a tax break now and then pay taxes on the money during retirement when you'll be in a lower tax bracket.

But, is that actually true?

It’s tax time! You’ve probably been receiving various tax forms in the mail and/or been getting emails saying your forms are available online.

You may be wondering whether you’ve received everything you’re supposed to receive. Should you go ahead and start working on your taxes now, or wait?

This chart may help shed some light on which tax forms you can expect to receive and when.

Behold. The end of the year is upon us.

If you’re anything like me, you probably lay in bed late at night wondering whether there are any additional last-minute strategies you can enact to optimize your finances.

That's how everyone thinks, right?

Good news! No need to miss out on your beauty sleep anymore, as there are some ideas below.

FSAs can be fantastic tools to essentially get a discount/deduction on health care and/or dependent care. And there’s a temporary rule in effect for 2020-2021 that can allow even more flexibility.

U.S. Series I Savings Bonds (aka "I bonds") are making some waves in financial circles.

Why, you ask? Let’s see if we can unpack it a bit.

For those of you who pay attention to how much gets deposited into your checking account from your paychecks, you may have noticed that your pay randomly goes up at some point during the year.

There's a good chance it's due to Social Security.

There are a lot of proposals, rumors, and ideas floating around out there when it comes to tax reform.

The Biden administration and the House Ways and Means Committee recently released their respective proposed plans.

Let’s see, at a high level, what’s in there.

You may have heard or seen that, as of July 2021, the IRS is starting to send out advance payments for the Child Tax Credit. This short article goes over some of the basics.

A $600 check!

Maybe.

You probably heard about the recent stimulus bill that was signed into law late last year, aka the “Coronavirus stimulus 2.0 bill” or the “COVID-19 relief bill”.

The headliner of the bill was that many people would be getting a $600 check per family member. But there's a lot more than that in the 5,593-page, inspirationally-named Consolidated Appropriations Act of 2021.