Hugh F. WynnMar 44 minTax Prep: What to do if You Received Advance Child Tax CreditsYour 2021 tax return could have a few twists and turns if you received advanced payments of the IRS Child Tax Credit.
Hugh F. WynnDec 9, 20213 minRoth Conversions are Righteous - Under the Right Conditions If you have money tied up in traditional IRAs and/or 401(k)s, you might wonder if, when, and how you do Roth IRA conversions.
Hugh F. WynnJul 15, 20213 minSet Your Kid Up With a Health Savings Account (HSA)Kids who are no longer their parents’ tax dependents (or anyone else’s dependent for that matter), can open their own Health Savings Account
Hugh F. WynnMay 6, 20215 minSay It Ain’t So, Joe. The Stepped-Up In Basis Tax DebacleI usually don't wax politics in this blog, but I can't help myself when is comes to the current administration's proposal to cancel the...
Hugh F. WynnJan 14, 20214 minStimulus Payments 2.0: About the CRRSA Act of 2021The $900 billion Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CRRSA Act), signed into law on Dec. 27, 2020, deli
Hugh F. WynnAug 20, 20204 minCapital Gains - and Possible Change - ExplainedCheck out this new post on the WynnSights blog, a personal investment blog based on blogger Hugh Wynn's fervent belief that investing should
Hugh F. WynnJul 9, 20203 minIRS UPDATE: You Can Refund Your RMD if You Want ToEverytime you blink our government is changing a rule or guideline in order to ease the financial burden on Americans during the pandemic.
Hugh F. WynnJun 4, 20206 minHealthcare FSAs vs. Health Savings Accounts. What's the Diff?Unlike a healthcare FSA, money contributed to an HSA can be invested much like contributions to a 401(k) or an IRA.
Hugh F. WynnMay 28, 20203 minIRS Relaxes Rules on Healthcare Flexible Spending AccountsThe IRS has relaxed healthcare FSA rules to allow employees to change their healthcare contributions, including dropping them altogether, go
Hugh F. WynnMay 21, 20204 minIRS Relaxes Rules on Dependent Care Flexible Spending AccountsThe IRS has issued new guidelines that allow employers to amend dependent care Flexible Spending Accounts (FSA)s
Hugh F. WynnMay 7, 20204 minCARES Act Allows Emergency Withdrawals from Retirement AccountsProvisions of the recent CARES Act makes it easier for retirement plan participants to take early withdrawals and/or loans from those plans
Hugh F. WynnApr 23, 20203 minWhat if I NEED to Sell Investments During Coronavirus Crisis?When investors panic and sell after a market suffers a big drop they either lock in a loss they create a taxable event.
Hugh F. WynnApr 2, 20204 minDid You Know? You Don't Have to Take RMDs in 2020Among the important provisions of the Coronavirus-related CARES Act are waivers for Retirees with withdrawals due in 2020
Hugh F. WynnFeb 13, 20202 minWho Pays Taxes On Fund Distributions?Who pays taxes on capital gains of stock sold during a given year by fund managers.
Hugh F. WynnDec 26, 20192 minThe Great 2019 Christmas Heist: Congressional Grinch Targets IRAsThe Setting Every Community Up for Retirement Enhancement (SECURE) Act made several changes to retirement account rules.