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.
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Congress considers proposals to enhance retirement accounts
Changes to retirement accounts could be on the horizon as Congress considers legislation to enhance 401(k) plans and other retirement accounts.
Investors face more challenges generating retirement income than saving
For investors preparing for retirement, it may be more difficult to distribute retirement income than to accumulate.
It is not too late to fund a SEP IRA
Small businesses and freelance workers seeking a retirement savings strategy may consider the advantages of a SEP IRA.
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.
Optimize the pass-through business tax deduction
Small business owners may want to consult with an advisor or tax expert to review the pass-through business tax deduction introduced by tax reform.
A new perspective on tax deductions
Many popular tax deductions were limited or eliminated under tax reform and investors may want to consider strategies to mitigate the impact.
Small-business deduction rules finalized
The Treasury and Internal Revenue service recently finalized the rules for claiming the small business deduction, introduced by the Tax Cuts and Jobs Act.