Important Information for Filing Your 2024 Tax Return

January 15, 2025|Melissa Joy, CFP®, CDFA®

As you prepare to file your taxes this year, we want to help make your life a little easier. Below, you’ll find a comprehensive guide with important dates, resources, and tips to help you complete your 2024 tax return. To start, here’s a handy checklist to organize your tax filing process.

At Pearl Planning, we are committed to assisting you and your tax professional in gathering the information needed for your tax return. Please don’t hesitate to contact us or have your Certified Public Accountant (CPA) or tax preparer reach out with questions. Once you’ve completed your tax return, clients are encouraged to securely upload a copy to us for a review of financial planning opportunities.

Raymond James 2024 Form 1099 Mailing Schedule

Visit this page for full information on Raymond James Tax Reporting.

Charles Schwab 2024 Form 1099 Mailing Schedule

Visit this page for full information on Charles Schwab Tax Reporting and here for production schedule.

Both Raymond James and Charles Schwab will mail 1099 tax statements starting January 31st. The date your form will be produced typically depends on the complexity of the holdings in your account. We will notify you if we have information that your 1099 will be delayed beyond February 15^th.

Mark Your Calendar Now for Important 2025 Dates

April 15: Deadline to file your tax return (or request an extension). Also the last day to make 2024 IRA, Roth IRA, or HSA contributions (if you file on time). First-quarter tax estimates are due.
June 17: Second-quarter tax estimates due.
September 15: Third-quarter tax estimates due.
October 15: Deadline to file if you received a six-month extension.
December 31: Deadline for required minimum distributions (RMDs) if over age 73, and the last day to make 2025 401(k)/employee plan contributions.

Viewing Your Tax Documents Online

Access online tax documents by signing into Raymond James and Schwab Client Access. Please contact our office if you need assistance.

Qualified Charitable Distributions (QCDs), Donor Advised Gifts, and Charitable Giving

If you completed QCDs in 2024, information about these will be included with your tax forms. QCDs are a tax-efficient way to give to charity and count toward your RMDs if you are eligible.

If you made gifts to a donor advised fund, please inform your CPA and make sure to mention the cost basis and date you acquired shares if you gifted appreciated stock.

Keep receipts and details of charitable gifts and gather them for your tax preparation.

Tax Planning Opportunities for 2025 and Beyond

Maximize Retirement Contributions: Ensure you’ve maximized contributions to 401(k)s, IRAs, and HSAs by the deadlines.

Charitable Giving: Consider donor-advised funds or QCDs to maximize tax benefits.

Investment Strategies: Review your portfolio for tax-loss harvesting opportunities and assess capital gains planning strategies.

State-Specific Tax Credits: Check for education savings plan contributions or energy-efficient home improvement credits.

We hope you find this information helpful as you navigate the 2024 tax season. Please contact Pearl Planning for assistance—we’re here to collaborate with you and your tax professional to simplify the process and uncover valuable tax planning opportunities.

Tax Return Docs Checklist - Free PDF

Melissa Joy, CFP®, CDFA®

Melissa Joy, CFP®, CDFA® is President and Wealth Advisor at Pearl Planning. Reach out for a call today at 734.274.6744.

8031 Main St. Suite 302 Dexter, MI 48130

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Taxes

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