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Tax Planning

Guidance & Retirement > Tax Planning
Plan ahead for the impact of taxes on your investments

Tax-efficient accounts and investing methods to help make you a smarter tax planner

Cost Basis FAQs

Learn about cost basis and how it may affect your taxes.
For information on legislative changes as a result of COVID-19, please visit our Coronavirus Aid, Relief, and Economic Security (CARES) Act page.

Preparing for tax time

Organizing your tax information early may help you
lessen your tax-season stress.

Tax-efficient investing

Tax rules and rates may change, but it's always a good idea to keep taxes in mind when making investment decisions.

Retirement investments and taxes

Understanding tax-advantaged investment approaches for retirement—and when to withdraw your funds—may help you build your investments and lower your tax bill.

Tax-savvy college savings plans

Discover how 529 college plans may help you save money for higher education expenses and potentially benefit from tax advantages.1

Estate planning and inheritances

An estate plan may help you minimize gift and estate taxes and preserve more of your assets for those you care about.
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2020 tax year: Important dates2
Jan. 27 -
Feb. 26, 2021
1099 forms mailed
May 17, 2021
Retirement contribution deadline
May 17, 2021
Tax filing deadline
June 7, 2021
5498 forms mailed
Oct. 15, 2021
Filing deadline if you received an extension
Become a smarter tax planner
Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Footnote Footnote 1 To be eligible for favorable tax treatment afforded to any earnings portion of withdrawals from Section 529 accounts, such withdrawals must be used for "qualified higher education expenses," as defined in the Internal Revenue Code. Any earnings withdrawn that are not used for such expenses are subject to federal income tax and may be subject to a 10% additional federal tax as well as state and local income taxes.

2 Dates may vary. Check with your tax advisor or the IRS.