How to Plan for Next Year’s Taxes Now
Being proactive with your taxes is always going to help you stay organized and maximize your tax minimization opportunities Staying proactive with tax planning is key to maximizing your savings and following all laws and regulations. But many Americans put off their taxes until the last minute, which can lead to missed savings opportunities or tax penalties. Getting a head start on next year’s taxes can only benefit you. You’ll be able...
IRS Updates for 2024
The IRS has made a few important updates to tax regulations for 2024. Find out what’s changed and how it may impact you Filing and paying taxes already cause stress for many people. Keeping up with the latest regulatory changes can be even more daunting, as new tax laws and modifications are always being added that you must follow. A recent survey found that 80% of taxpayers say they wish they understood...
How HNW Families Can Conquer the Estate Tax
Careful planning now will ensure your estate remains intact for future generations. One of the most important considerations in wealth management is charting a course for your wealth after you’re gone. You want assurance that it will pass on to future generations, along with the values that helped you build it. A key factor in this is navigating the estate tax, a complex and sometimes overwhelming concept that can have a significant...
Tax Deductions for Healthcare Costs
Learn how HSAs, FSAs, and healthcare cost deductions can help you cover medical expenses and lower your tax burden The rising costs of healthcare mean that you should take all steps possible to leverage related tax deductions. Tax breaks can help you mitigate the impact of these hefty expenses. Around half of American adults say it’s hard for them to afford healthcare costs, and the result is that many people...