Jan 14, 2019 | Individuals
Now that 2019 has begun, there isn’t too much you can do to reduce your 2018 income tax liability. But it’s smart to begin preparing for filing your 2018 return. Because the Tax Cuts and Jobs Act (TCJA), which was signed into law at the end of 2017, likely will have a...
Jun 11, 2018 | Individuals
Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes should factor into your decision, because the total cost of state income taxes, local property taxes, sales taxes, and other taxes can be a major...
Jun 22, 2017 | Individuals
If your estate plan includes one or more trusts, review them in light of income taxes. For trusts, the income threshold for triggering top tax rates is $12,500 for 2017. These top rates are as follows : Top income tax rate of 39.6%, Top long-term capital gains rate of...
Dec 16, 2016 | Individuals
It’s Christmas time. And while you may be doing your last minute shopping for that hard to shop for relative, you also need to be considering meeting your 2016 annual gift exclusion. By making tax-free gifts to loved ones during their lifetime, affluent...
Jun 6, 2016 | Individuals
If estate taxes are a concern and you’re looking for a way to benefit charity while transferring assets to loved ones, consider a charitable lead trust (CLT). But you may want to act soon: CLTs save the most tax when interest rates are low, like they are now, and...
