Take on taxes

How to help manage taxes including investing, saving, and estate-planning tips.

You may know your tax bracket—but that’s not really what you pay. In fact, the average American pays about 11% of income in federal income taxes. But that average hides a great deal of variation: Some pay nothing, and others pay more than 30%.1

What determines what percentage you will pay? A lot of it is based on how much you make, but you can affect your tax bill by knowing the rules, managing how you generate income, choosing what accounts you invest in, and taking advantage of potential deductions. This series of Viewpoints can help.

Six tax tips for year-end
Take advantage of tax moves by the end of the year. Start as soon as possible and look ahead to next year, too.

Year-end strategies for charitable giving
Consider these four tax‐savvy strategies that can help you make the most of your giving this year.

Tips for deducting more at tax time
The keys to maximizing deductions are knowing where to look and keeping good records.
The Medicare taxes and you
How Medicare taxes affect income and investments, and what you can do to help manage those taxes.

The AMT and you
You may be able to reduce exposure to the tax by managing your deductions and income.

Kids and taxes: answers to six common questions
Answers to six often-asked tax-related questions that may help lower a family’s tax bill.
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, Rhode Island 02917
620996.34.0
Traditional or Roth IRA or both?
Traditional and Roth IRAs offer different tax benefits. Learn which one may make sense for you.

Getting the most out of your IRA (4:09) video 24
Learn about contribution guidelines, distribution penalties, and after-tax contribution tracking in our video.

Four reasons to contribute to an IRA
Here are some reasons to make an IRA contribution now rather than waiting until the deadline.
IRAs: 8 things you might not know
Make sure you aren’t overlooking some IRA strategies and tax and savings benefits.

Eight tax-smart savings tips
Are you saving enough—and smartly? Here are tax-advantaged ways to help you do both.

Answers to common Roth conversion questions
When to convert, how to figure out taxes, why to undo a conversion, and more.
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
2. A distribution from a Roth IRA is tax free and penalty free provided that the five‐year aging requirement has been satisfied and at least one of the following conditions is met: you reach age 59½, die, become disabled, or make a qualified first‐time home purchase ($10,000 lifetime limit).
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, Rhode Island 02917
620996.34.0
Tax-loss harvesting time
Consider these five ways tax-loss harvesting might help you lower your 2016 investment taxes.

How to invest tax efficiently
Help reduce taxes by carefully choosing accounts, deductions, and how you earn income.
Defer, manage, and reduce taxes (0:52) video 24
Learn how to manage your federal income taxes, help improve net returns, and invest tax efficiently in our video series.

Mutual fund taxes
What you need to know about mutual funds distributions: the five types and their different tax implications.
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, Rhode Island 02917
620996.34.0
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, Rhode Island 02917
620996.34.0
Retired? Year-end checkup
Reviewing your finances before the end of the year allows you to potentially make some smart tax and retirement planning moves.

Four tax-efficient strategies in retirement
How to help minimize taxes and get the income you need when it's time to withdraw from your retirement accounts.

Smart strategies for required distributions
Answer four questions to help you use minimum required distributions from retirement accounts effectively.
Options for taking your first MRD
Delaying your first minimum required distribution until April 1 could push you into a higher tax bracket.

Making sense of MRDs (2:22) video 24
Find out how minimum required distributions work and see an illustration of the basic calculation.

Roth conversions after 50?
Eight things to consider about a Roth IRA conversion when you are in or near retirement.
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, Rhode Island 02917
620996.34.0