Converting a large sum like $865,000 to a Roth IRA is a strategic move for long-term tax benefits – including tax-free retirement income and eliminating required minimum distributions (RMDs) –  but it often comes with a hefty upfront tax bill. The transition from a traditional IRA or 401(k) to a Roth IRA means paying taxes on the converted funds. But, with careful planning and strategic execution, it’s possible to minimize the tax impact. Get matched with a financial advisor who can help you convert your ...

You have until Wednesday, April 15, 2026 to file your 2025 tax return or request an extension. Oscar Wong / Getty Images KEY TAKEAWAYS The IRS began processing tax returns on January 26. The deadline for employers to send out all W-2 and 1099 forms reporting income was February 2. Taxpayers have until Wednesday, April 15, 2026 to file their 2025 taxes or request an extension. The 2026 tax filing season has begun. Here are the key dates you need to know. During this filing season, taxpayers will n ...

Core Insights - The 2026 tax filing season begins next week, with new tax deductions and credits available through Schedule 1-A, including a no-tax-on-tips deduction and an additional deduction for seniors [1] Group 1: Key Dates - The IRS will start accepting and processing tax returns on January 26, with refunds issued within three weeks for online submissions [5] - Employers must distribute W-2 forms by February 2, with most Forms 1099 also due around this date [5] - The final deadline for taxpayers to file their 2025 tax return and pay any owed taxes is April 15, with extension requests due by the same date [5] Group 2: Filing Process - Taxpayers can currently submit their 2025 tax returns through the IRS Free File program, which is available for those with an adjusted gross income of $89,000 or less [3] - Taxpayers should ensure they have necessary tax forms, such as the 2025 W-2, before submitting their returns [3][4]

Core Insights - Block Advisors by H&R Block and The Home Depot have partnered for the 2025 tax season to assist Pro Xtra members with administrative business tasks, offering discounted tax preparation services to help them focus on business growth [1][2] Group 1: Collaboration Details - The initiative aims to help Pro Xtra members manage business complexities, including taxes and bookkeeping, leveraging H&R Block's 70 years of expertise [2] - Pro Xtra members can access special offers on Block Advisors tax preparation and year-round services through The Home Depot [3] Group 2: Tax Benefits and Services - Block Advisors provides insights on various tax deductions and credits, including the 45L Tax Credit for energy-efficient home construction, Section 179 deductions for equipment and property, professional materials deductions, and vehicle and mileage deductions [6] - Specific discounts include $50 off tax preparation with a Small Business Certified Tax Pro, $25 off DIY online tax preparation, $25 off business formation services, and the first month free plus 10% off bookkeeping and payroll services [6]