Ten questions to ask your CPA about the new tax law
The new tax law could have a significant impact on how individuals and small businesses file income taxes and make tax planning decisions.
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.
IRS proposes additional limits for small business tax deduction
While many small businesses are navigating the changes introduced by the TCJA, the IRS is proposing additional limits for the small business tax deduction.
Planning considerations for college-bound high school students and their parents
While college may seem a distant goal for a high school freshman, there are many things students and parents need to do during high school to prepare.
Understanding the paths to securing college financial aid
College financial aid plays a critical role for many families paying tuition and some colleges and universities require two types of aid applications.
Under tax reform, there is no turning back on a Roth conversion
Under tax reform, reduced marginal tax rates are lowering the cost of a Roth conversion, but the ability to reverse the move is eliminated.
Next steps when the first college bill is due
Many parents sending children to college for the first time may need help with financial advice and maximizing their 529 plan when the college bill is due.
Consider these strategies before interest rates climb higher
With many financial plans tied to IRS interest rates, there are several strategies that investors may want to consider before rates move higher.
Number of taxpayers owing AMT to decline under tax law
Fewer taxpayers will have to pay the alternative minimum tax (AMT) because of changes resulting from the Tax Cuts and Jobs Act (TCJA).
Will taxpayers pay more or less under the new kiddie tax rules?
Families with assets in custodial accounts for minors are wondering how the new tax law will impact those accounts, as changes were made to the kiddie tax.