Treasury offers more details on tax proposals
Taxpayers receive more clarity on recent tax proposals from the Treasury.
Tag: estate and gift tax
White House proposes tax hikes for high earners
The administration released a new proposal including spending for education, childcare, healthcare, nutrition, and other family support as well as tax hikes for high earners.
Five tax strategies that require year-end attention
Nearly every area of financial planning offers strategies that can help taxpayers re-position their investments and reduce their tax liability. But many of these tax-smart ideas — involving capital gains, estate and gift planning, and the alternative minimum tax (AMT) — must be acted on by year’s end. Here are five strategies to consider. 1.
Gift assets today — or pass them to heirs after you die?
With firmly-established exemption levels for estate and gift taxes, clients have more clarity on what they can do to limit taxation of their estates. The estate and gift tax exemption is the dollar amount that an individual can transfer to heirs that is sheltered from federal estate or gift taxes. Individuals may take advantage of