Fortunately under the new tax code the thresholds remain to qualify for zero tax on qualified dividends and capital gains. Taxpayers who are in the old 10% and 15% tax brackets are the beneficiaries of this little wrinkle of the tax code and the good news is that it...
In an effort to help you understand the new tax law, we have been highlighting the key parts now in effect for the 2018 tax year. As we explained last week, the threshold to itemize has been raised as a result of the increase in the standard deduction to $12,000 for...
Retirement and aging brings many questions to the table. One of the biggest concerns is whether keeping the family home with all the maintenance and upkeep will be the best place for our golden years and whether our healthcare providers will be readily accessible when...
Where will it fall out for you? This a brief summary of many proposed House tax provisions that could likely affect most of our clients. 12% of our clients worry about the impact of government on their lives. Revision of the tax code is a perfect example! If you...
Many of our clients are quite interested in the benefits of inherited IRA’s. The attached article by Phil Levin, a noted Estate Planning expert in the area, discusses a “gotcha” which would negate the future deferral of taxes for an inherited IRA in the eyes of the...
As I was sitting down to write a blog post about year-end tax planning, specifically about realizing capital gains and tax-loss harvesting, Michael Kitce’s blog post arrived in my inbox. A friend of NAPFA, Michael has a much more eloquent style of writing about...
