The IRS has issued guidance for taxpayers wanting to claim new deductions for qualified tips income and qualified overtime compensation for 2025.
IRS Releases Critical Guidance on Calculating Tips and Overtime Deductions for 2025 Read More »
Taxpayers subject to the 15% or 20% long-term capital gains tax rate can still benefit from the 0% rate. Here’s how.
Shift Income to Take Advantage of the 0% Long-Term Capital Gains Rate Read More »
As a spouse and parent, you have the challenge of ensuring your spouse is provided for after your death while making certain there are assets left for your children’s inheritances. A qualified terminable interest property (QTIP) trust may be the answer.
Is a QTIP Trust Right for Your Blended Family? Read More »
Your tax deductions may soon not be worth as much as you expected. Here’s what you need to know about a new tax law provision that will reduce deductions for high-income taxpayers.
New Itemized Deduction Limitation Will Affect High-Income Individuals in 2026 Read More »
How will the 2026 retirement plan contribution limits affect your retirement savings strategy?
Ready to Grow Your Nest Egg? The IRS Releases 2026 Retirement Plan Contribution Limits Read More »
The benefits of using a living trust are many. Pairing it with a pour-over will can help wrangle any loose assets that you purposely (or inadvertently) didn’t transfer to the living trust.
Pairing a Living Trust With a Pour-Over Will Can Help Cover All Your Assets Read More »
Want to reduce your 2025 taxes? Here are four ideas you may be able to implement in December.
There’s Still Time to Save 2025 Taxes Read More »
Year-end gifting guide: how to use the $19,000 annual exclusion, when Form 709 is required, how split gifts work, and how to coordinate with the lifetime exemption.
Planning on Making Year-End Gifts? Take Advantage of Your Gift Tax Annual Exclusion Read More »
Are you charitably inclined and looking for a powerful year-end tax-saving strategy?
Boost Your Tax Savings by Donating Appreciated Stock Instead of Cash Read More »
Is your property tax bill large? Or do you pay a lot in state income taxes? You might be eligible for a much bigger SALT deduction on your 2025 income tax return.
The 2025 SALT Deduction Cap Increase Might Save You Substantial Taxes Read More »
