So far 2020 has been filled with great uncertainty. However, two things are certain through the end of 2020 – (1) we know the tax rules and the planning implications for individuals, and (2) we [...]
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This coronavirus is certainly an ill wind and we are all doing our best to cope. We also remember the saying that, “It is an ill wind that blows no good.” So what is the planning one [...]
The Tax Cuts and Jobs Act of 2017 increased the lifetime gift and estate exclusion to about $11.2 million per person (twice this for married couples who plan correctly) from the previous limit of [...]
One pitfall of gifting appreciated assets is the “Kiddie Tax.” The Kiddie Tax is designed to stem revenue losses from shifting investment income from a high tax rate donor to a low tax rate [...]
The 0% capital gain tax bracket opens up a planning opportunity for higher income parents and grandparents who may be considering gifts or providing support to younger family members in a lower [...]
In tax planning and wealth management, professionals focus on managing capital gains tax liability. Common tools employed in this pursuit include loss harvesting and charitable gifting of [...]
