Date: February 2021

3 posts in February 2021

Due Date Approaches for 2020 Federal Income Tax Returns

February 25, 2021
The USA tax due date marked on the calendar.

Tax filing season is here again. If you haven’t done so already, you’ll want to start pulling things together—that includes getting your hands on a copy of your 2019 tax return and gathering W-2s, 1099s, and deduction records. You’ll need these records whether you’re preparing your own return or paying someone else to prepare your…

Read More

Tax Filing Information for Coronavirus Distributions

February 25, 2021
US Treasury Check. Used for tax refunds and also the Covid-19/coronia virus stimulus payments in 2020

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The legislation included a provision that allowed qualified retirement plan participants and IRA account holders to take penalty-free early distributions totaling no more than $100,000 between January 1 and December 31, 2020. If you took advantage of this measure, here’s what…

Read More

A Financial Wellness Plan Can Help Pave the Road to Retirement

February 25, 2021
Retirement word written on road in the mountains

If we’ve learned any lesson over the past year, it’s that no matter how carefully we plan and prepare, we’ll likely encounter unexpected hurdles. While a global pandemic has certainly underscored the need to pay close attention to our physical wellness, it has also revealed the need to shore up our financial wellness. According to…

Read More