Here are a few important tax deadlines that are coming up quickly. There’s still time to take advantage of a few planning opportunities.
Tax Planning
How 2026 RMDs Can Affect Your Taxable Income
A higher 2026 RMD could mean higher taxable income. Here’s why that may happen and what to review now to avoid surprises later.
2025 IRA Contribution Deadline: There’s Still Time to Fund Your IRA
You may still be able to fund a 2025 IRA. Learn the deadlines, contribution rules, and planning considerations.
A New Tax Election Could Put $1,000 in Your Child’s Name
If you welcomed a child in 2025, a new tax election may allow you to secure a $1,000 federal seed contribution in your child’s name through the newly introduced Trump Account pilot program. While the incentive is appealing, the structure, tax treatment, and long-term implications deserve careful consideration. Here’s what parents need to know before making the election.
When Two Incomes Become One: The Hidden Costs of Losing a Spouse
Losing a spouse is emotionally devastating and financially complicated. When two incomes become one, Social Security benefits may fall, tax brackets shrink, and Medicare costs can rise. This article explores the “widow’s penalty” and outlines proactive planning strategies that can help protect long-term retirement security.
Prepaying Your State Income Taxes in December May Reduce Your Federal Taxes
New changes to the SALT deduction rules reopen a once-popular year-end planning strategy. Learn when prepaying your Q4 state estimated tax in December may help reduce your federal tax bill, and when waiting could be wiser.
Howard Hook Featured in ‘Ask NJ Money Help’ Tax Planning Q&A
A reader recently submitted a question to the ‘Ask NJ Money Help’ column asking how to lower their daughter’s taxes. Howard Hook was invited to weigh in. His response breaks down the difference between tax liability and tax withholding, and offers practical guidance families can use. Read the full Q&A on NJMoneyHelp.com.
Using QCDs to Reduce Taxes and Support Charities in Retirement
What if you could lower your retirement tax bill and make a lasting difference at the same time? For retirees over age 70½, that’s exactly what a Qualified Charitable Distribution (QCD) offers. By directing required withdrawals from your IRA straight to charity, you can reduce taxable income and put your money to work for the causes you care about most.
Act Now: Federal Energy & EV Tax Credits Expire in 2025
Time is running out to claim valuable clean energy and electric vehicle tax credits. Recent legislation moved the expiration date from 2032 to 2025, meaning homeowners and buyers must act quickly. Learn what qualifies, how much you can save, and the steps you need to take before the deadline.
2025 Tax Law Changes: What’s in the One Big Beautiful Bill Act
Discover how the One Big Beautiful Bill Act changes taxes in 2025, including new deductions for tips and Seniors, an increase to the standard deduction, and more.
Reminder: Second Quarter Estimated Tax Payments Due June 16
Estimated tax payments are important if you are self-employed, earn substantial investment income, or anticipate owing more than your prior year’s tax liability after withholding. This year, the deadline is Monday, June 16. Here’s what you need to know.
Tax Contributions Due by April 15 — Unless You File an Extension
April 15 is approaching and many taxpayers are scrambling. Did you know that most tax contributions are due by April 15, unless you file a tax extension? Here’s a look at some key contributions that can be extended, giving you extra time to maximize your benefits.