Challenges can emerge for investors who have not planned for the impact of taxes on retirement income.
Tax season can provide a good reminder that 529 plans offer significant tax benefits for families looking for fund college education.
Investors may want to consider certain strategies to hedge against the risk of higher taxes, including using a Roth IRA conversion.
Potential changes to stepped-up cost basis rules may emerge as lawmakers consider federal revenue needs.
Most advisors are closely monitoring tax policy as it is not yet clear what proposals around estate taxes will be introduced on Congress’s agenda this year.
In addition to broad relief measures, the latest pandemic relief bill includes several tax changes that could impact planning.
Wealth management professionals offer a tax outlook and discuss tax smart strategies under the Biden era.
Individuals who withdrew retirement funds under the CARES Act have options for filing and paying taxes.
In 2021, investors continue to face change, with the impact of the first 100 days of the Biden administration and the potential for a shifting tax landscape.