Tag: Income Tax Planning
Tax-Smart Moves: Why State Estate Tax Planning Matters More Than You Think
Many affluent families focus on federal estate taxes while overlooking state estate and inheritance taxes. Understanding how state rules differ may help inform planning decisions and support long-term wealth and legacy objectives.
Turn Your Minnesota Tax Liability into Local Impact: The 2026 State Housing Tax Credit
Minnesota has a state tax credit program for affordable housing that allows taxpayers to direct funds locally.
New SALT Rules: What Faculty Need to Know
Learn how 2026 SALT deduction changes work, including new limits, phaseouts, and planning considerations for taxpayers.
Should You File a Tax Extension? What to Know as You Approach Retirement
Learn when a tax extension makes sense, especially for retirees facing complex income, missing documents or life changes.
How to Spot a Fake Text or Email About Your Tax Refund
Spot fake tax refund texts and emails with clear red flags. Learn how scammers target taxpayers and how to check your refund and report fraud safely.
Your Guide to Taxes and Divorce
Divorce demands emotional resilience and astute financial planning. Asset division, particularly regarding the marital home, carries significant tax implications. Understanding taxable versus non-taxable transfers, capital gains, and retirement account splits is crucial.
Charitable Giving Strategies for High-Net-Worth Retirees
Explore tax-smart charitable giving strategies for retirees to maximize impact, reduce taxes, and leave a lasting legacy.
Understanding 1099-Ks: Protect Your Wealth and Stay Tax-Ready
Understand how 1099-K forms impact your income and tax reporting. Learn tips to stay organized and avoid surprises during tax season next year and beyond.
Retirement Income Strategies for 2026 Video from Savant Wealth Management
Watch the video “Retirement Income Strategies for 2026” to learn expert strategies on retirement. Get practical tips from Savant Wealth Management.
Beyond Tax Prep: Why Tax Planning Should Be a Priority
Year-round tax planning can help reduce the pressure you may feel at tax time. Tax planning involves developing and implementing long-term strategies to help ensure you’ll pay the least amount of taxes over your lifetime, rather than in any given year.
Tax Filings after Death
Losing a loved one is overwhelming, and managing their estate adds complexity. Executors, trustees, or personal representatives must handle final expenses, legal filings, and tax requirements. Understanding necessary tax returns, including individual, estate, and trust filings, helps ensure compliance during this challenging time.
Smart Tax Moves Professors Can Make Before Filing
Smart tax strategies professors can use before filing to optimize deductions and help reduce last year’s tax bill.