Feel Good and Cut Taxes By Using These Five Charitable Giving Strategies
These tips can help you spread the love even more to charities you trust while also taking advantage of different kinds of tax benefits. Read More
Tax Considerations for High-Net-Worth Individuals in 2023
Those who are not ready for this potentially seismic shift should speak to their advisors as soon as possible in order to take advantage of planning opportunities. Read More
IRS Offering Taxpayers Special Tax Credit in 2024
Individuals making less than $36,500 annually can save up to $1,000 in taxes if they contribute toward their retirement. Read More
IRS Delays Imposing $600 Threshold for Reporting Income From Apps
The IRS has relented to pressure and decided to delay imposing the new $600 reporting threshold for income from 3rd party apps like PayPal and Venmo. Read More
IRS Announces Interest Rates for Underpayment of Taxes for Q1 2024
Discover the interest rates announced by the IRS for the first quarter of 2024, including rates for overpayments and underpayments of taxes, and learn about the process of claiming the recovery rebate credit for uncollected stimulus payments issued in 2020 and 2021. Read More
IRS Increases Gift and Estate Tax Exempt Limits — Here’s How Much You Can Give Without Paying
Discover the increased gift and estate tax exempt limits set by the IRS, allowing Americans to give more without incurring taxes, including an increase in the annual gift tax exclusion to $18,000 and a lifetime gift tax exemption of $13.61 million in 2024, providing an opportunity to reduce taxes and enhance the lives of loved ones. Read More
The Russia-Ukraine War Will Affect Your Finances. Here’s How.
Discover the wide-reaching consequences of the Russia-Ukraine conflict on your finances, including higher gas and grain prices, increased crypto volatility, stock market dips, and surges in gold prices, and learn how to navigate this economic storm while extending support to those affected. Read More
Physicians and Dentists: A Guide to Navigating the Tax Maze
This guide aims to illuminate the top tax issues faced by medical professionals and offer insights to traverse this taxing journey efficiently. Read More
How to Maximize Depreciation in a 1031 Exchange
Depreciation is a powerful tool in the arsenal of real estate investors, however, when utilizing a 1031 exchange, the depreciation benefits can become significantly diluted unless you plan carefully. Read More
The 8 Biggest Tax Increases in Biden’s 2024 Budget
President Biden’s budget proposal for fiscal year 2024 includes a wide array of policy changes, new programs, increased spending, and higher revenue. Read More
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