Harness Wealth

JANUARY 28, 2025

In the realm of estate planning, the Lifetime Gift and Estate Tax Exemption is set for a substantial decrease in 2026, reverting to approximately $7 millionunless Congress intervenes. These adjustments apply to income tax returns for the 2025 tax year, filed during tax season in 2026, as outlined by the IRS.

Taxes 52

Taxes Planning Retirement Accounting 52

Nerd's Eye View

NOVEMBER 13, 2024

Furthermore, the Trump campaign has proposed a number of additional tax cuts, including tax-free treatment of income from tips, overtime pay, and Social Security benefits, and even eliminating income tax entirely in favor of tariffs. Read More.

Tax Planning 246

Tax Planning Taxes Planning Assets 246

Nerd's Eye View

SEPTEMBER 6, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious (..)

Financial Planner 247

Financial Planner Tax Planning Compliance Financial Advice 247

Darrow Wealth Management

JULY 1, 2024

Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. In 2026, this is all expected to change (again).

Taxes 105

Taxes Tax Planning Planning Estate Planning 105

Darrow Wealth Management

JULY 1, 2024

Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. In 2026, this is all expected to change (again).

Taxes 52

Taxes Tax Planning Planning Estate Planning 52

Darrow Wealth Management

MARCH 29, 2024

The AMT is a parallel tax calculation which disallows certain tax deductions and non-taxable items under the regular system. Taxpayers pay whichever number is higher: their tax due under AMT or the regular system. Under the regular tax system, when you exercise ISOs, it’s not a taxable event.

Taxes 105

Taxes Tax Planning Planning Wealth Management 105

Darrow Wealth Management

MARCH 24, 2024

6 tax strategies for incentive stock options and AMT Triggering the alternative minimum tax isn’t the end of the world, but you don’t want to do it by accident. By the end of the year, you already know most of the tax inputs so your CPA and financial advisor can help in developing a tax projection.

Taxes 59

Taxes Tax Planning Planning Sales 59

Harness Wealth

MAY 2, 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. How will the 2026 tax brackets be affected if the TCJA expires? tax-paying arena. Table of Contents What is the TCJA?

Taxes 52

Taxes Clients Insurance Distribution 52

Darrow Wealth Management

MARCH 24, 2024

6 tax strategies for incentive stock options and AMT Triggering the alternative minimum tax isn’t the end of the world, but you don’t want to do it by accident. By the end of the year, you already know most of the tax inputs so your CPA and financial advisor can help in developing a tax projection.

Taxes 52

Taxes Tax Planning Planning Sales 52

James Hendries

DECEMBER 11, 2022

It is a time to compile data, review the numbers, evaluate strengths and weaknesses, and determine growth opportunities for the future. Tax Planning – Have necessary steps been taken toward filing required business and individual tax returns, so they get filed on time? This act is set to expire January 1, 2026.

Planning 52

Planning Taxes Insurance Accounting 52

Darrow Wealth Management

MARCH 29, 2024

The AMT is a parallel tax calculation which disallows certain tax deductions and non-taxable items under the regular system. Taxpayers pay whichever number is higher: their tax due under AMT or the regular system. Under the regular tax system, when you exercise ISOs, it’s not a taxable event.

Taxes 52

Taxes Tax Planning Planning Wealth Management 52

Cordant Wealth Partners

AUGUST 16, 2024

Income Typically, Intel offers a certain number of weeks of salary, plus a payout of earned benefits and bonuses as part of a layoff package. Severance pay: Severance at Intel is typically structured as a fixed number of weeks + weeks based on the length of service. Tax planning for a transition out of Intel is critical.

Planning 52

Planning Retirement Taxes Accounting 52

Harness Wealth

JULY 29, 2024

While none of the actual CTA requirements have changed this year, a number of lawsuits have challenged, or seek to challenge, the constitutionality or enforcement of the CTA. contained a number of changes relevant to estate planning. The SECURE Act 2.0

Estate Planning 59

Estate Planning Taxes Planning Tax Planning 59