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Rerouting refunds into retirement: Tax Strategy Scan

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

IRS by Bloomberg News 4
Signage for the Internal Revenue Service (IRS) stands outside the IRS headquarters building in Washington, D.C., U.S., on Wednesday, Feb. 17, 2016. Taxpayers have until Monday, April 18 to file their 2015 tax returns and pay any tax owed. Photographer: Andrew Harrer/Bloomberg

How to save your tax refund for retirement
Clients can put their tax refund to work for their retirement by depositing all or part of it into an IRA, according to U.S. News and World Report. Making this investment may make them eligible for a deduction on their current or a future tax return. -- U.S. News & World Report

How to keep your parents’ assets from the taxman
A client discovers an alternative to closing his father's IRA after the parent dies in this article from MarketWatch. This approach keeps the deceased father's money growing, tax-free, possibly for decades. Plus other strategies that may save parents' money in their later years and limit how much the government collects after their death. -- MarketWatch

Taxes are one of life’s sure things, but clients can still make changes after the filing deadline. Here’s how.
July 12

6 tax deductions homeowners won't want to miss
A home owner can save money in a number of surprising ways using these tax breaks, according to the Motley Fool. This story has a checklist with six deductions that can turn a home's expenses into savings. -- Motley Fool

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