Nerd's Eye View

MAY 31, 2023

The 2017 Tax Cuts & Jobs Act introduced a $10,000 limit on the State And Local Tax (SALT) deduction that was previously available for taxpayers who itemized their deductions. Another set of considerations involves owners of businesses that operate in multiple states, which can compound the complexity of electing a PTET.

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Taxes Planning Tax Planning Numbers 246

Wealth Management

FEBRUARY 29, 2024

The agency this week is sending letters to target 125,000 cases of taxpayers with incomes of more than $400,000 who didn’t file returns between the years 2017 and 2021.

Taxes 263

Taxes 263

Abnormal Returns

JUNE 16, 2024

fortunesandfrictions.com) What happens if the 2017 tax cuts lapse. (apolloacademy.com) What really is the goal of portfolio diversification? rogersplanning.blogspot.com) Small advantages, consistently applied, compound over time. wsj.com) Nothing compares to the Nasdaq Internet bubble. mrzepczynski.blogspot.com)

Taxes 312

Taxes Portfolio Marketing Marketing 312

The Big Picture

OCTOBER 23, 2023

Your grandchildren will blame the toxic combination of incompetency and ideology for the massively increased carrying costs of unfunded spending and tax cuts. Note that we undertook much of the work anyway (airports, electrical grid, roads, etc.), just decades later at a much greater cost. All simply unnecessary.

Government 333

Government Economics Budgeting Taxes 333

Harness Wealth

APRIL 17, 2025

Tax season can be overwhelming, but understanding how to leverage deductions and credits can significantly impact your bottom line. While both mechanisms help reduce what you owe, they operate in fundamentally different ways that affect your final tax bill. And tax law is not static. of your AGI. of your AGI.

Taxes 52

Taxes Tax Planning Education Medical 52

Calculated Risk

APRIL 26, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $104.0 The following graph shows real Personal Consumption Expenditures (PCE) through March 2024 (2017 dollars). The BEA released the Personal Income and Outlays report for March: Personal income increased $122.0 billion (0.5 billion (0.5

Food 324

Food Taxes Economics 324

The Big Picture

AUGUST 12, 2024

Sorry, but “fake it till you make it” seems like a poor plan for thinking about the future… Previously : Time to Stop Believing Deficit B t (September 3, 2021) Stimulus, More Stimulus and Taxes (January 25, 2021) Cost of Financing US Deficits Falls (December 18, 2020) Can We Please Have an Honest Debate About Tax Policy?

Economy 347

Economy Taxes Investing Investments 347

Abnormal Returns

OCTOBER 1, 2023

awealthofcommonsense.com) Higher interest rates mean higher taxes. theatlantic.com) Policy Per the IRS, nearly 1,000 tax filers who earn more than $1 million per year have still not filed federal tax returns for at least one year from 2017 to 2020. tker.co) Rates The yield curve is finally steepening.

Financial Advising 294

Financial Advising Taxes Government Media 294

Harness Wealth

JANUARY 10, 2025

Tax advice is a common topic on social media platforms like TikTok. Influencers promise easy ways to secure tax deductions, simplifying complex ideas into bite-sized claims that gloss over important details in the process. Can Hiring Your Children Help You Save on Taxes? Can You Claim Your Pet as a Tax Write-Off?

Taxes 52

Taxes Assets Media Education 52

Calculated Risk

JULY 26, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $37.7 The following graph shows real Personal Consumption Expenditures (PCE) through June 2024 (2017 dollars). The BEA released the Personal Income and Outlays report for June: Personal income increased $50.4 billion (0.2 billion (0.2 billion (0.3

Food 265

Food Taxes Economics 265

The Big Picture

AUGUST 17, 2022

What’s obvious is that cheaper is better than more expensive; that there are inherent costs in managing an active portfolio that include more than just trading and taxes but research, analysis, PMs, etc. Previously : Don’t Blame Morningstar for Our Own Shortcomings (October 26, 2017). Russel Kinnel. Morningstar, August 9, 2010.

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Taxes Portfolio Management Investing 333

Harness Wealth

MAY 2, 2025

The Tax Cuts and Jobs Act (TCJA)the 2017 tax code overhaul designed to boost economic growthis set to expire on December 31, 2025. Unless Congress intervenes, the TCJAs sunset will usher in a swathe of tax increases in 2026, with analysts estimating that over $4 trillion worth of tax hikes could take effect.

Taxes 52

Taxes Clients Insurance Distribution 52

Calculated Risk

FEBRUARY 29, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $67.6 The following graph shows real Personal Consumption Expenditures (PCE) through January 2024 (2017 dollars). The BEA released the Personal Income and Outlays report for January: Personal income increased $233.7 billion (1.0 billion (0.3

Food 283

Food Taxes Economics 283

Calculated Risk

JANUARY 26, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $51.8 The following graph shows real Personal Consumption Expenditures (PCE) through December 2023 (2017 dollars). The BEA released the Personal Income and Outlays report for December: Personal income increased $60.0 billion (0.3 billion (0.3

Food 282

Food Taxes Economics 282

Calculated Risk

MARCH 29, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $50.3 The following graph shows real Personal Consumption Expenditures (PCE) through January 2024 (2017 dollars). From the BEA: Personal Income and Outlays for February: Personal income increased $66.5 billion (0.3 billion (0.2 billion (0.8

Food 295

Food Taxes Economics 295

Abnormal Returns

JUNE 9, 2024

wsj.com) Policy What happens if the 2017 tax cuts lapse. (humbledollar.com) Russia An increasing portion of Russia's budget is dedicated to fighting Ukraine. msn.com) How Russian propaganda spreads despite bans in place. nytimes.com) Russia's population has been shrinking for decades.

Financial Advising 273

Financial Advising Budgeting Economics Media 273

Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. At that point, many provisions will revert to 2017 levels, adjusted for inflation. For example, in 2017, the marginal tax brackets were 10%, 15%, 25%, 28%, 33%, 25%, and 39.6%.

Taxes 105

Taxes Tax Planning Planning Estate Planning 105

Cordant Wealth Partners

NOVEMBER 18, 2024

We also get you up to speed on the tax benefits of using a DAF. If you've heard of a DAF and are curious about incorporating it into your giving and tax planning strategy, this article is for you. Key Takeaways: Contributions to a donor-advised fund reduce your tax bill in the year your contribution is made.

Taxes 52

Taxes Tax Planning Nonprofit Accounting 52

Nerd's Eye View

OCTOBER 1, 2022

A new bill would make many parts of the Tax Cuts and Jobs Act of 2017 permanent, including its changes to tax brackets, the higher standard deduction, and the cap on state and local tax deductions.

Financial Planner 245

Financial Planner Retirement Planning Advertising Taxes 245

Harness Wealth

APRIL 16, 2025

Tax planning serves as the cornerstone of the entire acquisition deal, extending far beyond a simple checkbox. Every element, from structure to price negotiations, hinges on understanding tax implications for all parties involved. Get it right, and you will have set yourself up for a smooth transition and maximized returns.

Taxes 52

Taxes Tax Planning Startup Compliance 52

Nerd's Eye View

APRIL 5, 2023

Given how frequently the tax code changes, advisors can add value for clients by ensuring their estate plans are aligned with current law to meet the clients’ objectives, and not with past rules that may no longer apply to them. However, the passage of TCJA resulted in the estate gift tax exemption nearly doubling (from $5.6M

Estate Planning 246

Estate Planning Planning Taxes Clients 246

Nationwide Financial

AUGUST 29, 2022

Key Takeaways: Even without new legislation, the prospect of higher taxes in the future is still looming. The impact of higher taxes on retirees could be substantial, so staying up to date on the current tax landscape is vital. But even without new legislation, the prospect of higher taxes in the future is still looming.

Taxes 98

Taxes Retirement Accounting Budgeting 98

Calculated Risk

MAY 31, 2024

Disposable personal income (DPI) —personal income less personal current taxes—increased $40.2 The following graph shows real Personal Consumption Expenditures (PCE) through April 2024 (2017 dollars). The BEA released the Personal Income and Outlays report for April: Personal income increased $65.3 billion (0.3 percent in February 2022.

Food 211

Food Taxes Economics 211

The Big Picture

NOVEMBER 2, 2023

If you are in a top tax bracket and have residency in a high-tax state with strong credit quality – think Ohio, New York, Massachusetts, California, Connecticut, etc. – Cash in No Longer Trash : TINA is officially over. you should be looking at Munis here. Depending on the specifics a 4.5-5%

Taxes 286

Taxes Portfolio Marketing Marketing 286

Advisor Perspectives

JANUARY 31, 2025

For the new Congress, deciding the fate of the 2017 Tax Cuts and Jobs Act will present an immediate dilemma. Allowing the law’s provisions to expire as scheduled at the end of the year would effectively raise taxes on tens of millions of Americans.

Taxes 52

Taxes 52

Calculated Risk

JUNE 28, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $94.0 The following graph shows real Personal Consumption Expenditures (PCE) through May 2024 (2017 dollars). The BEA released the Personal Income and Outlays report for May: Personal income income increased $114.1 billion (0.5 billion (0.5

Food 200

Food Taxes Economics 200

Carson Wealth

DECEMBER 8, 2023

That must mean it’s time to roll up my sleeves and get to work on year-end financial planning – with an emphasis on 2023 income tax. One consideration this year is that we’re two years from the expiration of the Tax Cuts and Jobs Act of 2017 (TJCA). AGI impacts multiple other tax considerations.

Planning 143

Planning Retirement Planning Taxes Insurance 143

The Big Picture

JULY 27, 2022

Consider these columns going back to 2013 pointing out the foolishness of tax-payer subsidized corporate welfare queens (2013), and why median wages were rising ( 2016 , 2017 , 2018 , 2018 , 2019 ). Then came the pandemic, and a huge federal worker subsidy. Workers upskilled and launched new businesses.

Medicine 330

Medicine Numbers Food Insurance 330

Zoe Financial

JANUARY 28, 2025

Looking at the same 1950-2017 period, but looking through the lens of five-year investment horizons, returns for the S&P 500 ranged from down 3% to up 28%. Zoe Financial is not an accounting firm – clients and prospective clients should consult with their tax professional regarding their specific tax situation.

Marketing 98

Marketing Marketing Financial Advisor Investing 98

Calculated Risk

OCTOBER 27, 2023

Disposable personal income (DPI), personal income less personal current taxes, increased $56.1 The following graph shows real Personal Consumption Expenditures (PCE) through September 2023 (2017 dollars). The BEA released the Personal Income and Outlays report for September: Personal income increased $77.8 billion (0.3 billion (0.3

Food 189

Food Taxes Economics 189

Calculated Risk

SEPTEMBER 27, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $34.2 The following graph shows real Personal Consumption Expenditures (PCE) through August 2024 (2017 dollars). The BEA released the Personal Income and Outlays report for August: Personal income increased $50.5 billion (0.2 billion (0.2

Food 182

Food Taxes Economics 182

The Big Picture

FEBRUARY 27, 2023

This demographic cohort is simply not a seller due to retirement – the tax expenses would be too great. Estate taxes are why appreciated equity is transferred this way. I suspect most of us have a distorted viewpoint of the average investor versus the total capital in the market. appeared first on The Big Picture.

Distribution 324

Distribution Retirement Retirement Planning Taxes 324

The Big Picture

NOVEMBER 27, 2023

This is before we get to the issue of capital gains taxes, which create a hurdle of (minimum) 20% on those pesky profits just to get to breakeven. Not only are the odds stacked against you, but very often systems that have successfully timed the market have been simply lucky, and do not succeed in out-of-sample tests.

Marketing 302

Marketing Marketing Math Retirement Planning 302

Brown Advisory

DECEMBER 4, 2017

2017 Year-End Planning Letter. Mon, 12/04/2017 - 13:10. presidential election, we have grappled with the lack of clarity regarding the details of new tax legislation. The outcome of the tax reform debate is likely to impact how we advise clients on tax planning, estate planning and a host of other topics.

Planning 52

Planning Taxes Clients Tax Planning 52

The Chicago Financial Planner

OCTOBER 21, 2021

This is up from $285,000 in 2019, from $275,000 in 2017 and from $220,000 in 2014. The money goes into the account on a pre-tax basis much like a traditional 401(k) or IRA. This is a great opportunity for those who earn too much to make pre-tax contributions to a traditional IRA. The rising cost of healthcare in retirement .

Retirement Planning 193

Retirement Planning Accounting Retirement Planning 193

Harness Wealth

DECEMBER 30, 2024

However, as appealing as these forms of compensation may be, they can result in sizable and unexpected tax bills. Along with the 83(b) election, there is a less well-known provisionthe 83(i) election that offers other tax advantages to certain types of employees. Table of Contents What is an 83(i) election?

Taxes 52

Taxes Compliance Compensation Planning Financial Advisor 52

The Big Picture

NOVEMBER 20, 2023

Previously : Tax Alpha (April 14, 2022) Accessing Losses via Direct Indexing (April 14, 2021) The Cutting Edge (September 30, 2021) USA Is Smashing Its Clean Energy Targets (October 17, 2017) Sources : Wall Street’s ESG Craze Is Fading By Shane Shifflett WSJ, Nov. This is true whether you are pro-life or pro-environment.

Taxes 193

Taxes Portfolio Investing Investments 193