The biggest tax law since 2017 is here. The “OBBBA” reshapes tax rates, deductions, student loans, business rules, and estate planning, all while cutting social support and adding to the deficit. Our new guide breaks it all down and shows what steps might make sense for you and your family.
Each year, the IRS reviews and adjusts specific tax provisions for inflation. Below are the latest updates for the 2025 tax year, including common income, dividend, and capital gain tax brackets. What is your strategy to make the most of these brackets (in 2025 and beyond)?
Here are the tax policies we're watching and what they could mean for the high-earners, diligent savers, and charitable givers with which we work best. Proactive and adaptable tax and financial planning remain essential, especially since political and policy landscapes could shift yet again post-2026.
The tax policies proposed by former President Donald Trump and Vice President Kamala Harris highlight and contrast their different economic visions. Awareness of these policies and proposals is part of making an informed decision on Election Day. Although these tax proposals could have significant impacts on individuals, businesses, and the overall economy, a balanced approach in your personal planning remains a prudent way forward.
It's the time of year again to review Medicare options. The Open Enrollment Period — which begins on October 15 and runs through December 7 —is an opportunity to switch to a better Medicare health and prescription drug plan. Let's review the Open Enrollment Period options and look at changes to Medicare benefits for 2025.
By January 1, 2025, nearly every small business owner must file an online "beneficial ownership information" (BOI) report. Filed just once (or with any ownership changes) and for free, nearly every business except certain sole proprietors and other limited exceptions should consider itself required to file (including LLCs, corporations, s-corporations, limited partnerships, family limited partnerships, even some HOAs, and others). Within, we review how we would file a BOI report as a ≥ 25% owner or control person and answer common questions we hear regarding the online form at https://boiefiling.fincen.gov/boir/html.
Every year, the IRS evaluates and adjusts certain tax provisions to account for inflation. Below are the latest adjustments for the 2024 tax year - including common income, dividends, and gain tax brackets.
Some perspectives on the US debt ceiling: Congress has acted to raise the debt ceiling 78 distinct times since 1960. As the current drama continues, let's consider the various potential outcomes and your most advisable financial strategy.
Major highlights and an interactive checklist to help you to decipher the SECURE 2.0 Act, a 4,155-page bill enacted on December 29, 2022. Employers and the government play a role in your retirement, but much of the preparation ultimately falls on you. That’s America for you. The good news is, you get to call your own shots. The bad news is, you have to!
As you approach retirement, one of the most complex, important, and valuable financial decisions you can make is when to claim Social Security. Here are some key points and considerations to think about as you consider your Social Security benefits.
While the outcomes of the November 2022 mid-term elections are uncertain, one thing we can count on is that plenty of opinions and prognostications will be floated in the months to come. Let's take a look at how U.S. markets have performed during or after a U.S. election. Can you identify a pattern?
A summary of recent tax legislation, much of which was expected to be enacted in 2021, before stalling in Congress. While the final language remains uncertain, many of the proposals could become law. Ask us to show you your potential impacts in a personalized "what if" proposal.
Congress has officially passed a third stimulus package, this time of $1.9 trillion. Here's what we're acting on with business owners, families and individuals.
After a tumultuous 2020 election season, inauguration day is almost here. If you are a high-earner, here are some challenges that could arise during a Biden administration.
With a new $900 billion stimulus package passed, what can Americans expect to see coming their way soon?
With a new administration comes new policies. Should you make changes to your finances based on the perceived implications?
A checklist for finding a Full-Time Fiduciary. "Everybody claims to be a trusted advisor when some are really only salespeople."
COVID-19 relief for small businesses covers a number of factors from grants to loans. Here’s a guide to help you better understand the relief programs available to you during this time of uncertainty.
The coronavirus pandemic has now become the most significant public health crisis in literally a century – since the 1918 flu event. Here is a summary of the key provisions applicable to you from Congress' Friday, March 27 CARES Act aid package for U.S. individuals and businesses.
Yesterday, Congress passed the SECURE Act. Since you may hear about this Act as the “Biggest Retirement Bill in More than a Decade” we wanted to share our initial thoughts with you.