Tax planning is large part of your overall wealth management strategy and is important to knowing what to expect and how to avoid any tax surprises.
The “One Big Beautiful Bill,” recently signed into law, reshapes U.S. tax policy by locking in TCJA provisions and introducing new deductions, credits, and savings incentives for families, seniors, and businesses, while phasing out green energy tax breaks and increasing the SALT cap.
Filing a tax extension can be a smart financial move, especially for individuals with complex tax situations, business owners, and high-net-worth individuals who need extra time to finalize their returns. However, misunderstanding how tax extensions work can lead to costly…
Learn key tax implications, from estate and income taxes to capital gains, to make informed financial decisions as the heir to a trust.
Learn about the Missouri Long-Term Dignity Account, a tax-advantaged savings plan helping residents save for long-term care with flexibility and state tax benefits.
As tax laws evolve, so should your financial strategies. Effective tax planning can help you maximize deductions, support your charitable goals, and reduce your overall tax burden.
Understand the differences between residency and domicile and their implications for tax planning. Explore a case study and learn key actions to establish domicile for potential tax benefits.
Many people dream of having a place family can gather for vacation or a second home to spend winters once retired. Before making that purchase, there may be tax implications to consider.
Maybe you don’t get the big cake and piles of presents like when you were a kid, but birthdays are still worth celebrating. When it comes to financial planning, each milestone birthday brings new benefits and opportunities.
Given the recent volatility in the stock market, now might be a good time to consider a taxable Roth conversion.
While Grantor Retained Annuity Trusts (GRAT) can seem complex to some, they can really be simple when broken down. Because GRATs have the potential to provide significant tax benefits when interest rates are low, today’s interest rate environment may provide a good opportunity.