
Don’t Overlook Income Taxes When Planning Your Estate
The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, a
The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, a
If you’re a philanthropic individual who has to take required minimum distributions (RMDs) from your traditional IRA, there’s a tax-saving strategy you may want to consider. It involves making a
Buckle up, America: Significant tax provisions are on the horizon. This shift is driven by recent tax laws and the upcoming elections. Our Current Situation The Tax Cuts and Jobs
Employees, self-employed individuals, and employers all pay Social Security tax, which can increase annually. However, many people don’t completely understand the Social Security tax they are paying. If You’re An
Do you invest in mutual funds or want to put some money into them? If so, you’re part of a large group. According to the Investment Company Institute, 116 million
Are you an older taxpayer who owns a house that has appreciated greatly? And at the same time, you may need income. Luckily for you, there could be a solution
There are many rewards when caring for an elderly relative. They may include feeling needed, making a difference in the person’s life, and allowing the person to receive quality care.
If you donate valuable items to charity and you want to deduct them as deductions your taxes, you may be required to get an appraisal. The IRS requires donors and
Many people dream of turning a hobby into a regular business. For example, if you enjoy boating, you may dream of opening a charter fishing business. Or maybe you’d like
Luxurious vacation properties in upscale areas often appreciate significantly in value compared to what the owners paid for them. While this is beneficial, tax implications need to be considered. Here