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.
Tag: tax rates
Key tax figures for 2023
Due to the surge in inflation, many key tax figures annually adjusted for inflation will increase in 2023.
Wealth management in the context of a fluid situation in Washington
Wealth management professional Bill Cass provides an update on the status of tax and spending proposals in Washington.
Video: Consider a Roth to prepare for future taxes
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.
Video: Tax rates may rise in the future
With the current economic pressures, some investors may be focusing on the tax landscape and the possibility of higher tax rates
Putnam pros discuss taxes in the run-up to the election
Putnam’s wealth management professionals share their views on taxes, the markets, fiscal policy, and the November election.
Video: Where are tax rates headed?
The need for additional government revenue will pressure lawmakers to raise tax rates in the future.
Key tax figures for 2017
Most tax figures will remain unchanged in 2017, according to the new tax schedule released by the Internal Revenue Service.
Changes in tax thresholds impact 2015 planning
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
2015 tax rates, schedules, and contribution limits
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