At Winthrop, we help our clients live life in the moment while boldly exploring and imagining possibilities for their future. Our approach enables us to explore every aspect of your life so that we can design a big-picture plan and investment solutions that balance practicality with opportunity.
Whoever you are, and wherever you are on your journey, our multi-generational team has all the tools and experience to help you pursue your financial goals—and live your life to the fullest.
From fast-growing startups and closely held family businesses to multi-generational enterprises, we will help empower you to operate more efficiently day-to-day, while laying a foundation for navigating the future.
We work closely and collaboratively with our endowment and non-profit clients to provide investment programs and hands-on portfolio management services pursuing global opportunities while seeking to ensure alignment with key business objectives.
We’re committed to seeking out and sharing the trends influencing markets and the outlooks that might inform our investment approach. In an industry like ours, being open to multiple viewpoints and fresh perspectives is a critical part of how we add value, and help our clients imagine all the possibilities.
In the world of finance, things change fast and there’s always more to learn. We’ve created a series of tools that will help you stay educated and keep you informed about the things that matter most.
Updates | March 30, 2021
The Treasury Department and Internal Revenue Service has announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15th, 2021 to May 17th, 2021. We encourage you to review the Federal Tax Changes as well as any proposed upcoming changes as they may pertain to you personally. The rules and procedures are developing on a daily basis and we will continue to monitor and communicate any updates as new developments are announced. The federal tax filing deadline postponement to May 17th, 2021 only applies to individual federal income returns and tax payments otherwise due on April 15th, 2021 – including tax on self-employment income. This change does NOT include state tax payments or state tax deposits or estimated federal tax payments. State filing and payment deadlines vary and are not always the same as the federal filing deadline. We urge you to check with your tax preparer and your state tax agencies for details regarding any changes to state-by-state filing and payment deadlines.
Although there could be additional changes that occur at any time, here are the issues to consider now:
2020 Tax Year – Account Contributions
Contributions to Traditional IRA(s) or Roth IRA(s) for 2020 Tax Year:
Contributions must be made by May 17th, 2021.
Contributions to SEP-IRA, SIMPLE IRA, Defined Contributions payments for 2020 Tax Year
Contributions must be made by May 17th, 2021 deadline, unless you are filing an extension allowing for contribu-tions to be extended beyond the new May 17th, 2021 deadline.
Please stay safe and healthy and always call us if we can assist in any way.
The Winthrop Wealth Team
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.