Families with assets in custodial accounts for minors are wondering how the new tax law will impact those accounts, as changes were made to the kiddie tax.
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Tax Cuts and Jobs Act
The path to achieve many financial goals, such as estate planning, may present specific challenges for LGBT couples, particularly those who are not married.
While more families choose a general savings account to save for college, those using 529 college plans are saving more, according to Sallie Mae.
Recent tax reform resulted in changes that allow families to save more in ABLE Accounts for the care of a child with disabilities.
Despite income restrictions there may be a way to super-charge your Roth IRA by using a provision for 401(k) plans.
Build momentum for college saving before your child enters high school, by engaging children in good savings habits and monitoring your saving strategy.
Considering the many responsibilities competing for family savings, it’s never too early to consider college planning strategies.
After the passage of the Tax Cuts and Jobs Act, many taxpayers are wondering how the new law will affect next year’s tax bill.
With an average tax refund of nearly $3,000 to use this year, many investors may want guidance on how to allocate these assets.
Small business owners may consider several strategies to maximize the use of the new 20% deduction introduced by tax reform.