Making the most out of your money starts with recognizing all the ways taxes can impact your financial future. Whether you’re focused on your own retirement, a loved one’s education or the best way to pass on your wealth to your heirs, any sound, forward-looking plan to maximize your wealth needs to take into account taxes' bite.

Just as the rise and fall of interest rates can ripple throughout your investment and wealth management plans, so too can changes in tax policy. Your Baird Financial Advisor is trained and experienced in crafting wealth management strategies that plan for its impact, keeping you on track with your broader vision.

Your Baird Financial Advisor can help you anticipate the impact of taxes in all areas of your life.


  • Important Dates for Tax Year 2020

  • 12/31/2020: Last day to contribute to qualified retirement plans
  • 1/15/2021: 2020 4th quarter estimated tax payment due
  • 2/1/2021: Deadline for employers to send W-2s/1099s to employees/independent contractors
  • 2/16/2021: Deadline for financial institutions to send consolidated 1099s to individuals (Financial institution may be granted a 30-day extension)
  • 4/15/2021: 2021 first-quarter federal estimated tax payments due
  • 5/17/2021:
    • 2020 Individual Income Tax returns and payments are due
    • Contributions to 2020 IRAs, Roth IRAs and Coverdell Education Savings Accounts due
  • Middle-aged couple sitting at kitchen counter reviewing documents on a laptop.
    The new tax plan eliminated deductions I've come to rely on every year. What are my options?
  • Asian-American female cleaning up trash from forest floor.
    I want to make sure my charitable giving has maximum impact.
  • Man in suit, face unseen, sitting at table with hands folded.
    I'm willing to pay my fair share in taxes, but I don't want to pay more than I have to.
  • I'm not sure which education expenses are considered "qualified."



Tax Planning Insights

Notebook containing writing - Roth vs Traditional IRA Pros and Cons
IRAs: to Convert or Not to Convert

Is it nobler to suffer the slings and arrows of your traditional IRA? It depends on your circumstances.

Calculator and ticker symbols.
Taking Advantage of Tax-Loss Harvesting

After a year of great market volatility, many investors can make use of tax-los harvesting - selling declining securities to get a tax advantage.

Woman looking at computer.
What To Expect From a Biden Presidency

A Biden presidency could change how taxpayers approach tax planning.

Man and woman working at desk with laptop.
Tax Strategies for 2020

After the CARES Act and the SECURE Act, taxpayers have new tactics to consider this year.

Man and woman meeting with advisor.
High-Net-Worth Tax Moves for Right Now

The current environment – low taxes, low interest rates, new CARES Act regulations – adds up to several tax advantages for high-net-worth individuals.

Chess pieces
Financial Planning Opportunities in a COVID-19 World

Despite broad market instability and low interest rates, there are several long-term planning opportunities that you can take advantage of now.

Man working wtih child wearing a Baird Cares shirt.
Potential Tax Benefits of Charitable Giving

The 2017 Tax Cuts & Jobs Act (TCJA) will likely simplify filing for many taxpayers - but if you've traditionally deducted charitable gifts, you may have a new headache this tax season.

Image of an old stock certificate.
Make the Most of Your Stock Compensation with an 83(b) Election

Stock options are always tricky from a tax standpoint. Here's one way to make them work for you.

Woman talking next to train tracks with a suitcase.
Maximizing Company Stock Compensation

Receiving shares of stock in the company you work for as part of your compensation is an excellent way to share in the success of the business, and can be very lucrative. But stock awards can be tricky to manage.

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