Monthly Archives: February 2012

Tax Saving Strategies for 2012: Considerations to Weigh when Planning to Use Your IRA Withdrawal as a Charitable Contribution

Posted on February 24, 2012 by

If you are age 70 ½ or older in 2012, you are required to withdraw a minimum amount from your retirement accounts.  In 2011 and prior years, the law permitted you to make a contribution from your IRA directly to … Continue reading →

Posted in Federal Tax Issues, Roth IRA, Uncategorized | Leave a comment

Tax Saving Strategies for 2012: Smart Investment Moves

Posted on February 17, 2012 by

Capital Gains Taxes  The long-term capital gain tax rate is 15% for 2012.  Exception: If you are in the lowest two marginal tax rates of 10% and 15%, then any realized long-term capital gains are tax-free.  Steger Gowie believes that … Continue reading →

Posted in Uncategorized | Leave a comment

Tax Saving Strategies for 2012: College Funds

Posted on February 10, 2012 by

If you want to save money for college expenses for your children or grandchildren, consider establishing a 529 Savings Plan account. It’s important to start saving for your children’s college education, and keep saving regularly in whatever amount you can … Continue reading →

Posted in Uncategorized | Leave a comment

Tax Saving Strategies for 2012: Retirement Plans

Posted on February 3, 2012 by

Taxpayers often wait until close to the end of the calendar year to consider what they can do to reduce their income tax burden. By then, however, your options are limited in what you can accomplish. Steger Gowie recommends that … Continue reading →

Posted in Uncategorized | Leave a comment