17 Dec 2021 Estate Planning
1 Basic exclusion amount plus deceased spousal unused exclusion amount (exclusion is portable for 2011 and later years) 2 The GST tax exemption is not portable 2020 and 2021 gift and estate tax rate...
financial planner Tag
17 Dec 2021 Education Planning
American Opportunity and Lifetime Learning Credits Coverdell education savings accounts Deduction for qualified higher education expenses Deduction for student loan interest Gift tax exclusion Kiddie tax All investing involves risk, including the possible loss of principal,...
17 Dec 2021 Business Planning
Adoption Assistance Programs Earnings subject to FICA taxes (taxable wage base) 1 An additional Medicare (HI) employee contribution rate of 0.9% (for a total employee contribution of 2.35%, and a total combined Medicare...
17 Dec 2021 Individual Income Tax Planning
Adoption credit Alternative Minimum Tax (AMT) Charitable deductions 1 Contribution is fully deductible if minimum contribution amount is met and cost of token gift does not exceed maximum 2 Charitable contribution is fully deductible if the...
17 Dec 2021 Protection Planning
Eligible long-term care premium deduction limits: Per diem limit: Archer Medical Savings Accounts Flexible spending account (FSA) for health care Health Savings Accounts (HSAs) All investing involves risk, including the possible loss of principal, and...
17 Dec 2021 Federal Income Tax Rate Schedules (Individuals, Trusts, and Estates)
Single taxpayers Married filing jointly and surviving spouses Married individuals filing separately Heads of household Trusts and estates All investing involves risk, including the possible loss of principal, and there is no guarantee that any...
01 Dec Year-End 2020 Tax Tips
Here are some things to consider as you weigh potential tax moves before the end of the year. Defer income to next year Consider opportunities to defer income to 2021, particularly if...
24 Nov Baby Boomers Buying More Online
The coronavirus pandemic has forced consumers to change many habits, including how they shop. This is particularly true for baby boomers (ages 56 to 74). Nearly half (45%) said they...
06 Nov Five Investment Tasks to Tackle by Year-End
Market turbulence in 2020 may have wreaked havoc on your investment goals for the year. It probably also highlighted the importance of periodically reviewing your investment portfolio to determine whether...
03 Nov Is It Time to Think About Tax-Free Income?
Federal and state governments have spent extraordinary sums in response to the economic toll inflicted by the COVID-19 pandemic. At some point, it is likely that governments will look for...