Income tax
Notable 2024 Tax Law Changes
Each year brings adjustments to the US tax code, and this year is no exception. Some specific changes which could be helpful to you are as follows: Leftover funds in a 529 education account can now be rolled over into a Roth IRA. This reduces the concern about over-contributing to a child’s or grandchild’s 529…
Read MoreWhen Life Gives You Lemons…
…you capture capital losses, of course. In declining markets, the wish to do something is natural. After all, humans have evolved and thrived in part by being attentive to perceived risk and acting to mitigate threats. Ironically, however, doing nothing with your investments is often a wonderful demeanor, including when prices are falling. After all,…
Read MoreYear-end Charitable Gift Planning in 2021
In the last few years, so much has changed about charitable gift planning. We offer a bit of recent history on the changes, and suggest some strategies that may help you reduce your tax bill while supporting the charities of your choice. In 2018 the Tax Cuts and Jobs Act (TCJA) raised the standard income…
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