There’s Still Time to Save 2025 Taxes
Want to reduce your 2025 taxes? Here are four ideas you may be able to implement in December.
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Individual Tax
Planning on Making Year-End Gifts? Take Advantage of Your Gift Tax Annual Exclusion
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.
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Boost Your Tax Savings by Donating Appreciated Stock Instead of Cash
Are you charitably inclined and looking for a powerful year-end tax-saving strategy?
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The 2025 SALT Deduction Cap Increase Might Save You Substantial Taxes
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.
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Is an HDHP Plus an HSA a Financially Smart Health Care Option for You?
Health Savings Accounts offer several valuable tax benefits. But you can contribute to one only if you have a high-deductible health plan.
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What Do the 2026 Cost-of-Living Adjustment Numbers Mean for You?
Take these 2026 cost-of-living adjustments into consideration as you work on your year-end tax planning.
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A Quiet Trust Has Its Benefits, but an Incentive Trust May Be a Better Option
Considering a quiet (silent) trust? Learn when delayed disclosure helps, where it can backfire, and how incentive trusts with thoughtful discretion may better align with your family’s goals.
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Run a Business With Your Spouse? You May Encounter Unique Tax Issues
Spouse-run businesses face unique tax pitfalls. Learn how partnership treatment drives SE tax and compare three strategies—community property sole prop, S-corp conversion, or hire-spouse approach—to cut exposure while staying compliant.
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Is a Custodial Account Right for Your Family?
Weigh the pros and cons of UGMA/UTMA custodial accounts versus new Trump Accounts, including control, tax treatment, penalties, and education-planning tradeoffs to decide what fits your family’s goals.
Is a Custodial Account Right for Your Family? Read More »
Teachers and Others Can Deduct Eligible Educator Expenses This Year — And More Next Year and Beyond
Beginning next year, eligible educators will have an additional deduction opportunity under the One Big Beautiful Bill Act (OBBBA).