With tax deductions limited under tax reform, taxpayers in high-tax states may consider using incomplete non-grantor trusts to plan for state income taxes.
Now that the first tax season under tax reform is in the books, what are some tax planning considerations for the rest of the year.
Under tax reform, the federal estate tax applies to fewer estates, yet more than a dozen states have estate or inheritance taxes.
Estate planning remains an important part of financial planning and here are some considerations before the estate tax law sunsets.
This is the first year of tax filing since tax reform and some taxpayers may find their 1040 filing indicates opportunities for planning.