Gauge your tax bracket to drive tax planning at year-end
There is one important number for investors to know that can drive tax planning strategies at year-end: their marginal tax bracket.
Category: Taxes
Year-end deadline approaches for opportunity zone tax break
Under a program created by the Tax Cuts and Jobs Act, investors can receive a tax break on capital gains if they invest those gains in an opportunity zone.
Planning strategies to prepare if taxes move higher
As the federal budget deficit rises, it is likely that investors will see taxes move higher in the future.
The IRS is revising Form 1040 again
Less than a year after restructuring tax Form 1040, the Internal Revenue Service (IRS) is changing the document again.
Certain trusts may help lift the weight of a state tax burden
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.
Preserving open space may deliver a tax break
Land designated with a conservation easement, including preserving open space, can offer tax advantages to a property owner.
Three planning considerations now that tax season is over
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.
Fewer estates taxed under tax reform, but state taxes still a concern
Under tax reform, the federal estate tax applies to fewer estates, yet more than a dozen states have estate or inheritance taxes.
New strategies emerge for Roth conversions
Under tax reform, taxpayers can still act on Roth conversions, but the option to recharacterize – or undo the conversion – is no longer available.
Estate planning considerations before the law sunsets
Estate planning remains an important part of financial planning and here are some considerations before the estate tax law sunsets.