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Tag: Income Tax Planning

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September 15, 2021
approaching zero taxes whitepaper by savant

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.

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September 15, 2021

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.

Article
August 4, 2021

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.

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July 1, 2021

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.

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June 30, 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.

June 30, 2021

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.

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May 27, 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.

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May 18, 2021

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.

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May 11, 2021

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.

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May 10, 2021

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.

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March 22, 2021
Tax Return 1040

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.

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March 10, 2021
tips for families on utilizing tax credits for working families

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.