by muzeumdev25 | Nov 1, 2023 | Tax Planning
Tax season is officially over, and many of us are looking forward to our tax returns hitting our bank accounts. While some may choose to spend their return on a special treat, others may want to use the extra funds to boost their investments. If you’re trying to...
by muzeumdev25 | Sep 13, 2023 | Estate Planning, Tax Planning
The IRS recently updated some rules about trusts that could make your heirs accidentally liable for capital gains taxes.1 It’s another quiet change that could severely impact families trying to maximize their legacies. What Changed Under the New IRS Rules? Under...
by muzeumdev25 | Jul 26, 2023 | Retirement, Tax Planning
All United States citizens are subject to income tax from the federal government, even those who are retired. Living on a fixed income in retirement can be difficult, so it’s important to plan accordingly for how you will be taxed to get an accurate picture of your...
by muzeumdev25 | May 17, 2023 | Finance, Tax Planning
Donating to charities is a win-win when filing taxes. You get to help a cause you care about and can claim dedications on cash contributions. But what happens when the charity you’ve given to is fraudulent? You’ve now donated to a false entity, haven’t helped the...
by muzeumdev25 | Feb 22, 2023 | Tax Planning
It’s tax season! And though it comes at the same time each year, many Americans still file for tax extensions. Whether you choose to work with a tax professional or file on your own, staying organized can help you meet the April 15th deadline. Here are some ideas to...
by muzeumdev25 | Feb 8, 2023 | Tax Planning
While following a solid tax planning strategy throughout the year is integral to your overall financial plan, some special considerations may maximize your refund or reduce overall tax liability. Let’s look at some of the tax-saving strategies you could be taking...
