Consider these ways to use your tax refund
With an average tax refund of nearly $3,000 to use this year, many investors may want guidance on how to allocate these assets.
Putnam Wealth Management
Preserving and sustaining wealth for the future
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.
Posts by: Bill Cass
Strategies to maximize the new 20% deduction for small businesses
Small business owners may consider several strategies to maximize the use of the new 20% deduction introduced by tax reform.
Three ways to try to save on taxes before the filing deadline
With the April 17, 2018 tax filing deadline approaching, it’s not too late to consider some strategies that could reduce taxable income.
Home equity loan interest may still be deductible under tax law
The Internal Revenue Service recently confirmed that home equity loan interest (HELOC) may still be deductible under the new tax reform law.
Impact of tax reform on state taxes is unclear
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.
Enhanced tax credits may balance lost exemption in tax reform
An increase in the child tax credit may help families realize a tax advantage even as the personal exemption is lost.
Tax reform drives change in planning
Individual taxpayers may consider changing their planning strategies due to the shifting tax landscape under the tax reform law.
Companies see significant tax cut in new 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.
Tax reform limits scope of estate tax
Fewer estates will be subject to the federal estate tax under the new tax law, but estate planning is still important for investors.
Deductions shift significantly with tax reform
Taxpayers may find some provisions of tax reform more complex as deductions shift significantly under the new law.