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).
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 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.
LGBT couples may have to navigate unique planning considerations
The path to achieve many financial goals, such as estate planning, may present specific challenges for LGBT couples, particularly those who are not married.
Families with 529 college plans garner more savings
While more families choose a general savings account to save for college, those using 529 college plans are saving more, according to Sallie Mae.
How to use a 401(k) to fund a Roth IRA
Despite income restrictions there may be a way to super-charge your Roth IRA by using a provision for 401(k) plans.
College planning strategies: Engaging children in saving can advance college goals
Build momentum for college saving before your child enters high school, by engaging children in good savings habits and monitoring your saving strategy.
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.
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.