The 1040 tax filing this year can reveal opportunities for planning
This is the first year of tax filing since tax reform and some taxpayers may find their 1040 filing indicates opportunities for planning.
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Posts by: Bill Cass, CFP®, CPWA®
Form 1040 gets an overhaul under tax reform
Tax reform resulted in broad-based changes to the tax code as well as changes to the Form 1040 and other tax forms.
Will individuals pay more or less taxes for 2018?
Taxpayers will be calculating taxes under the new tax law for the first time for 2018 and learning whether they will owe more or less taxes this year.
Strategies to manage the repeal of the advisory fee deduction
The repeal of miscellaneous deductions, including the advisory fee deduction, may have an impact on some taxpayers’ filings.
Cost-of-living increase among changes to Social Security in 2019
For investors preparing for or in retirement, two key changes to Social Security, including a cost-of-living increase take effect this year.
Key tax figures for 2019
A first step for investors in tax planning for the coming year is to determine their tax bracket and highlights of key tax figures can be helpful guide.
Two provisions under the TCJA will change for 2019
While most of the new provisions of the TCJA went into effect in January there are additional tax code changes that will take effect at year end.
Tax reform enhances college savings plans
The Tax Cuts and Jobs Act resulted in the largest overhaul to the tax system in 30 years, including some key changes to 529 college savings plans.
Charitable IRA rollovers may gain traction under tax reform
With new limits on itemized deductions set by tax reform, senior investors may consider using a charitable IRA rollover provision to donate to charity.
Five estate planning considerations for year-end
Estate planning remains critical as investors seek to manage the distribution of assets as well as meet any state tax requirements.