College planning strategies: It’s never too early to start saving
Considering the many responsibilities competing for family savings, it’s never too early to consider college planning strategies.
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.
Will taxpayers owe more or less in their tax bill next year?
After the passage of the Tax Cuts and Jobs Act, many taxpayers are wondering how the new law will affect next year’s tax bill.
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.
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.
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.