Recently, the federal estate tax has been popping up in headlines. While not usually subject to such buzz, the federal estate tax can have important implications for many Americans. Did you know that there are proposed changes that would significantly reduce the federal estate Continue reading
Category: Tax Law
Understanding the Home Sale Tax Exclusion
Are you considering selling your home? If so, it can be important to understand the home sale tax exclusion so you can take steps to help make sure you qualify for the tax benefit, even if it means adjusting your plans by a few months. The amount of the exclusion differs if you Continue reading
Estate Planning Tips When You Near the Tax Limits
Did you know that the estate tax exemption, currently set at $11.7 million for singles and $23.4 million for married couples, is set to expire in 2026? The current administration, however, has signaled a desire to reduce the exemption, though no one knows exactly when that might Continue reading
Living in Different States Could Help Married Couples Reduce Their Taxes
When it comes to estate planning, creative customized strategies often yield optimal returns. One such strategy applies to married couples and considers the question: Are taxes a reason not to live with your spouse? It may seem absurd but consider the benefits.
For married couples Continue reading
4 Things You Need to Know About the New Tax Law
The Tax Cuts and Jobs Act went into effect earlier this year. This new tax law brings significant changes to our taxes in 2019. Since the implementation of the tax bill there have been numerous articles and news reports on how the tax bill will change the tax structure for parents, Continue reading