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.

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  • View Important Tax & Planning Dates for 2022
    • 12/31/2021: Last day to contribute to qualified retirement plans and complete Roth conversions for 2021.

    • 1/18/2022: 2021 4th quarter estimated tax payment due

    • 1/31/2022: Deadline for employers to send W-2s/1099s to employees/independent contractors

    • 2/15/2022: Wave I mailing date for Baird 1099s for accounts holding securities (e.g., equities, many types of bonds) that do not require year-end tax information adjustments, income reclassifications or early reporting mutual funds.

    • 3/1/20221: Wave II mailing date for Baird 1099s for accounts holding securities (e.g., exchange-traded funds, mutual funds, real estate investment trusts and unit investment trusts) that require year-end tax information adjustments or income reclassifications.

    • 3/15/20221: Mailing date for Baird 1099s for all accounts not included in Wave I or Wave II. Accounts holding Real Estate Mortgage Investment Conduits (REMICs) or Widely Held Fixed Investment Trusts (WHFITs), or securities that have late reporting adjustments or income reclassifications.

    • 4/1/2022: First IRA Required Minimum Distribution (RMD) for people who turned 72 in 2021.  RMDs from qualified plans may be eligible to be further deferred.

    • 4/18/2022:
      • 2021 individual income tax returns and payments are due; you can file Form 4868 to request a six-month filing extension, but tax payments are still due this day
      • Contributions to 2021 IRAs, Roth IRAs and Coverdell Education Savings Accounts due
      • Estimated tax payment for 1st quarter of 2022 due
    • 6/15/2022:
      • Estimated Tax Payment for 2nd quarter of 2022 due
      • 2021 tax returns due for U.S. taxpayers who live and work abroad
    • 9/15/2022: Estimated tax payment for 3rd quarter of 2022 due

    • 10/17/2022: Final extended deadline to file a 2021 income tax return for those who requested an extension.

    • 12/31/2022:
      • Deadline for contributions to employer-sponsored retirement plans for 2022
      • Required Minimum Distribution (RMD) for people who have been subject to RMDs since 2021 or earlier.

    1 The March 1 and March 15, 2022, mailing dates are based on a 30-day extension from February 15 granted by the IRS and are intended to reduce the number of corrected Tax Statements you may receive. 

  • 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.
  • Faceless man, 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.
  • Young woman writing in notebook wearing an over-sized orange sweater.
    I'm not sure which education expenses are considered "qualified."

Tax Planning Insights