Estate Tax Considerations

Estate Tax Considerations

Multiple types of taxes Federal gift and estate taxes generally apply at a rate of 40%. This transfers in excess of your available gift and estate tax exemption. Under the Tax Cuts and Jobs Act, the exemption has approximately doubled through 2025. For 2018, the...
529 plans for education funding

529 plans for education funding

Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid tuition plans, and 2) savings plans. And one of these plans got even better under the Tax Cuts and Jobs Act (TCJA). Enjoy valuable benefits of...
Charitable IRA Rollover

Charitable IRA Rollover

Charitable IRA rollovers may be especially beneficial in 2018 If you’re age 70½ or older, you can make a charitable IRA rollover by directly contributing up to $100,000 annually to qualified charitable organizations. This break may be especially beneficial now because...
Investors tax planning

Investors tax planning

Overview for investors For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine whether to buy or sell investments before year end to save taxes. This year,...
Donating Artwork to Charity

Donating Artwork to Charity

The tax deduction ins and outs of donating artwork to charity If you’re charitably inclined and you collect art, appreciated artwork can make a great charitable gift from a tax perspective. In general, donating appreciated property is doubly beneficial. This is...
Qualifying your vacation home as a rental

Qualifying your vacation home as a rental

Do you own a vacation home? If you both rent it out and use it personally, you might save tax by taking steps to ensure it qualifies as a rental property this year. Vacation home expenses that qualify as rental property expenses aren’t subject to the Tax Cuts and Jobs...