Jan 25, 2022
Before you spend your bonus or other financial windfall, take some time to consider how you might use the money so that it has a lasting impact on your life and other people's lives. Here are a few ideas.…
Jun 23, 2020
Now that you’ve handled what’s urgent, it’s time to focus on what’s important. But what is really important to you? Is it helping those in need? Is it leaving an inheritance for kids or grandkids? Is it…
Jul 16, 2021
The IRS has recently provided additional guidance pertaining to 1) the waiver of required minimum distributions – in particular for those who took distributions in January or February, and 2) added clarification…
Jan 14, 2021
On your federal income tax return, you are asked to choose a filing status. For some taxpayers, the choice is clear. But if your marital status changed recently or more than one filing status applies to…
Jan 19, 2021
Davis & Hodgdon has published the 24th annual edition of the firm’s tax table brochure. You can download the 2021 tax tables brochure on our Resources page or simply click here!
Apr 15, 2021
A type of charitable gift known as the income gift can help you fulfill your philanthropic goals and generate an income stream for yourself or others. Here are five things to know about gifts that pay…
Apr 22, 2021
Even young kids may have to pay tax on their investment income, depending on the amount they receive during the year. If their unearned income – interest, dividends, capital gains, and certain other types…
Jun 17, 2021
Late in 2020, Washington extended many temporary tax provisions as part of the Consolidated Appropriations Act, 2021. A few extensions that may affect your personal income taxes are summarized here.
Charitable…
Jun 24, 2021
How well you manage your 401(k) in your working years can have a big impact on your financial security in retirement. The following tips are designed to help make the most of your 401(k), from the time…
Jul 13, 2021
Donor-Advised Funds (DAFs) have been around for a while, but lately they are gaining more attention as an effective tax planning tool. Utilizing a DAF could pay off for you come tax time.
So how does…