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.
With an average tax refund of nearly $3,000 to use this year, many investors may want guidance on how to allocate these assets.
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Small business owners may consider several strategies to maximize the use of the new 20% deduction introduced by tax reform.
With the April 17, 2018 tax filing deadline approaching, it’s not too late to consider some strategies that could reduce taxable income.
The Internal Revenue Service recently confirmed that home equity loan interest (HELOC) may still be deductible under the new tax reform law.
In addition to limits on deductions, tax reform may have a major impact on states that tie their tax system to some elements of the federal tax system.
An increase in the child tax credit may help families realize a tax advantage even as the personal exemption is lost.
Individual taxpayers may consider changing their planning strategies due to the shifting tax landscape under the tax reform law.
Corporations may receive a significant tax cut under the tax reform law, which includes a reduced flat tax rate and new rules around deductions.
Fewer estates will be subject to the federal estate tax under the new tax law, but estate planning is still important for investors.
Taxpayers may find some provisions of tax reform more complex as deductions shift significantly under the new law.
