The Tax Cuts and Jobs Act (TCJA) dramatically increased the unified federal gift and estate tax exemption from $5.49 million in 2017 to $13.61 million in 2024. If you're married, you and your spouse have separate exemptions, for a total of $27.22 million for this year. Another inflation adjustment is scheduled for 2025.
During uncertain times, you may be concerned about the effects world events will have on your...
The IRS has just released final regulations on required minimum distributions (RMDs) from qualified...
You're planning and saving money for a financially secure retirement. Good for you! But don't...
Summer is a good time to reflect on tax planning moves that could lower this year's tax bill. It...
Have you given any thought to your retirement? Even if you don't expect to retire anytime soon, the...
Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new...
Employees, self-employed individuals and employers all pay the Social Security tax, and the bite...
The net investment income tax (NIIT) was enacted more than a decade ago. While repeal has been...
Are you a small business owner or corporate owner holding appreciated company stock in your 401(k)...