Clients need help with complex financial planning matters such as efficient wealth transfer, tax and inflation risk, and sustainable income in retirement. Financial-planning experts Bill Cass and Chris Hennessey weigh in each week with a range of insights, tips, and legislative updates.
This is the first year of tax filing since tax reform and some taxpayers may find their 1040 filing indicates opportunities for planning.
Read more Comment Share: Share on Facebook Share on LinkedIn Share on Twitter Share on Google+ Email
Tax reform resulted in broad-based changes to the tax code as well as changes to the Form 1040 and other tax forms.
Taxpayers will be calculating taxes under the new tax law for the first time for 2018 and learning whether they will owe more or less taxes this year.
The repeal of miscellaneous deductions, including the advisory fee deduction, may have an impact on some taxpayers’ filings.
For investors preparing for or in retirement, two key changes to Social Security, including a cost-of-living increase take effect this year.
A first step for investors in tax planning for the coming year is to determine their tax bracket and highlights of key tax figures can be helpful guide.
While most of the new provisions of the TCJA went into effect in January there are additional tax code changes that will take effect at year end.
The Tax Cuts and Jobs Act resulted in the largest overhaul to the tax system in 30 years, including some key changes to 529 college savings plans.
With new limits on itemized deductions set by tax reform, senior investors may consider using a charitable IRA rollover provision to donate to charity.
Estate planning remains critical as investors seek to manage the distribution of assets as well as meet any state tax requirements.
