Tag: Income Tax Planning
Approaching Zero Taxes White Paper
Learn more about an approach to investing known as “tax-efficient investing” in our recently updated 3rd edition Approaching Zero Taxes white paper. This group of concepts and investment tax tools can be used to form a tax-efficient investment approach, with the ultimate goal of increasing after-tax returns.
As Fall Temperatures Cool, Proposed Tax Legislation Gets Hotter
The House Ways and Means Chairman recently released the current House version of the Build Back Better Act that contains pending tax reforms. The new bill contains a few tax surprises worth noting for taxpayers who want to be prepared for the tax climate ahead.
The American Families Plan: Vaulting into the Middle Class
President Biden recently unveiled his newest proposal – The American Families Plan (AFP), an ambitious $1.8 trillion package aimed at vaulting education, childcare, and paid family leave. Michael Cyrs, senior director of wealth transfer, provides more details about the proposed plan.
Tax Strategies for the American Families Plan [On-Demand Webinar]
The proposed American Families Plan could change the tax relief we have recently grown accustomed to. The plan raises a number of issues and possible strategies for taxpayers to consider in 2021.
How Could the American Families Plan Impact the Taxation of Your Vacation Home?
If you have a second home or are thinking about purchasing one, you may want to think about how the proposed American Families Plan may affect how it is taxed. Financial advisor Jeff Lewis takes a closer look.
Tax Strategies for the American Families Plan
The proposed American Families Plan is about to change the tax relief we have recently grown accustomed to. The plan raises a number of issues and possible strategies for taxpayers to consider in 2021.
Roth Conversions During the Current Low Tax Rate Environment
Roth conversions have increased in popularity over the past few years due to our current low tax rate environment. Because these rates are set to sunset and return to their pre-Tax Cuts and Jobs Act rates after 2025, it may be a good idea to investigate Roth conversions this year.
Key Income Tax Changes of The American Families Plan
President Biden recently presented his American Families Plan (AFP), a $1.8 trillion package aimed at reforming education, childcare, and paid family leave. This blog presents a high-level overview of some noteworthy proposed changes.
A Tax Wolf in Sheep’s Clothing: It’s All About the Basis!
The proposed American Families Plan could increase tax liabilities for many families by changing the way estates are taxed. Mike Cyrs, senior director of wealth transfer, takes a closer look at the plan and presents possible tax planning strategies.
Before the Sunset
Favorable gift and estate tax rates through the Tax Cuts and Jobs Act are scheduled to sunset on December 31, 2025. Financial advisor Kevin Kingston addresses the possibility that this exemption may be reduced before the final sunset date.
Is There Any Such Thing as a “Typical” Tax Season?
The IRS has delayed the April 15th federal tax filing deadline to May 17th. A mixture of tax law changes including stimulus payment eligibility, child tax-credit changes, and the unemployment compensation exemption had accountants and taxpayers calling for a tax filing extension, and Congress heeded their call.
Tax Planning for Working Families
When you are a working parent, gathering documents for your tax return is just one more thing to do in your busy life. Financial advisor Nicholas De Jong provides a few practical tips and ideas to help you along the way.