Tax planning is a focus for all seasons
Staying focused on tax planning can help individuals find ways to improve their tax situation throughout the year.
Staying focused on tax planning can help individuals find ways to improve their tax situation throughout the year.
Due to the surge in inflation, many key tax figures annually adjusted for inflation will increase in 2023.
Wealth management professional Bill Cass provides an update on the status of tax and spending proposals in Washington.
With the possibility of future higher tax rates, investors may want to consider strategies that can be implemented now such as a Roth IRA conversion.
With the current economic pressures, some investors may be focusing on the tax landscape and the possibility of higher tax rates
Putnam’s wealth management professionals share their views on taxes, the markets, fiscal policy, and the November election.
The need for additional government revenue will pressure lawmakers to raise tax rates in the future.
Most tax figures will remain unchanged in 2017, according to the new tax schedule released by the Internal Revenue Service.
Most tax thresholds for income, estate, and gift taxes saw changes for 2015. In addition, the federal estate and gift tax exemption rose to $5.43 million, taking inflation into account. The following tables illustrate the key tax and income thresholds to consider when planning in 2015. 292689
Taxpayers may want to save more for retirement in 2015. The Internal Revenue Service announced higher contribution limits for 401(k)s. The deferral (contribution) limit for employees who participate in employer-sponsored retirement plans, including 401(k)s increased to $18,000 from $17,500. Catch-up contributions for people age 50 and older went up to $6,000 from $5,500. Retirement savings