M. Constance Augustine-Thompson

Rising Rates Add to the Appeal of CRTs

If you're philanthropically inclined, have you considered establishing a charitable remainder trust (CRT)? These irrevocable trusts provide a variety of tax and financial perks. Plus, unlike some other tax planning tools and strategies, CRTs can benefit from today's rising interest rates.

Tax Planning Can Reduce Adoption Costs

Adoptions plummeted during the COVID pandemic, but the adoption rate is slowly rebounding. If...

Looking Into Long-Term Care Facilities

The need for long-term care assistance continues to grow. Roughly 5.8 million people in the United...

4 Tax Breaks for Home Improvements

Are you contemplating some significant improvements to your home? Whether it's adding a pool to...

How to Swap Your Highly Appreciated Vacation Home Tax-Free

If you own a highly appreciated vacation home that you're ready to unload, the sale will generate a...

How Can Small Business Owners Lower Taxes for 2022?

It's time for year-end tax planning. Every fall, small business owners should review their tax...

New Business Travel Per Diem Rates Announced for 2023

Recordkeeping for reimbursing business travel expenses can be cumbersome. Instead of reimbursing...

New Rules for EV Tax Credits under the IRA

You've probably heard that the newly enacted Inflation Reduction Act of 2022 (IRA) includes a...

Mid-Year Tax Planning Ideas for Individuals

The 2022 tax year is well underway, and year end will be here before you know it. Summer is a good...