While there’s still so much debate going on with the fate of our country, there’s one clear thing, Biden’s proposed tax plan may result in a significant tax increase for some if passed. Every day that goes by could be a missed opportunity to take advantage of current law. The new tax plan could be passed anytime this year or in the coming years. If passed this year, it could be made retroactive as early as January 1! Not sure if this will impact you? Here are the highlights of what’s … [Read more...]
Tax Planning for 2021
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2021 is just starting, it’s not too early to think about planning for whatever it may bring your way. Read on to learn more. … [Read more...]
5 Estate Planning Moves to Make Before Year-End
As the year draws to a close, it’s time to take one final look at your finances and your estate plan. This will help you not only tie up any loose ends before December 31st but planning now will also help you start the new year off on a solid foundation. Here are a few year-end moves to consider making: ✅Update beneficiary designations - If you still have an ex-spouse listed on your life insurance or retirement accounts, or a loved one who has already passed away, you’ll want … [Read more...]
Tax Planning for 2020
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2020 is just starting, it’s not too early to think about planning for whatever it may bring your way. Tax Planning for 2020 … [Read more...]
