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. For some, this may lead to more taxes paid on capital gains.

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Taxes Tax Planning Planning Estate Planning 52

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? How will the 2026 tax brackets be affected if the TCJA expires?

Taxes 52

Taxes Clients Insurance Distribution 52

Harness Wealth

JANUARY 29, 2025

These contributions not only provide immediate tax relief but help secure longer-term financial stability during retirement. 401(k) Plans: Contribute the maximum allowable amount for 2024 : $23,000 if youre under 50, or $30,500 if youre 50 or older.

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Taxes Medical Distribution Accounting 52

Darrow Wealth Management

JULY 30, 2024

For founders, employees, and executives with stock-based compensation, an 83(b) election can be a powerful tax planning tool. When you make an 83(b) election, you’re opting to pay tax on unvested shares now, instead of when the stock vests. It can also preclude some tax planning strategies down the road.

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Taxes Tax Planning Startup Valuation 104

Darrow Wealth Management

MARCH 29, 2024

There are two AMT tax rates: 26% and 28%. AMT exemptions and phase out were increased significantly in the 2017 Tax Cuts and Jobs Act. These higher limits are scheduled to sunset in 2026. Not tax advice! At the end of the day, all of the tax planning opportunities with ISOs involve risks.

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Taxes Tax Planning Planning Wealth Management 105

Darrow Wealth Management

DECEMBER 23, 2022

Some of the measures in the bill include increasing the required minimum distribution age, raising catch-up contribution limits, permitting some rollovers from 529 plans to Roth IRAs, and expanded access to employer plans. Starting in 2026, the catch-up will be indexed by inflation. 529 plan to Roth IRA rollovers.

Retirement 105

Retirement Retirement Planning Distribution Planning 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

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

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? How will the 2026 tax brackets be affected if the TCJA expires?

Taxes 52

Taxes Clients Insurance Distribution 52

James Hendries

DECEMBER 11, 2022

Tax Planning – Have necessary steps been taken toward filing required business and individual tax returns, so they get filed on time? The type of business will determine the tax consequence. This act is set to expire January 1, 2026. Here are five tips that may assist with organizing a strategy.

Planning 52

Planning Taxes Insurance Accounting 52

Steve Sanduski

SEPTEMBER 17, 2024

Guest: Megan Gorman, Founder and Managing Partner of Chequers Financial Management , a female-owned, high-net-worth tax and financial planning firm based in San Francisco. The importance of strategic annual planning. So it’s a lot of really intricate estate planning. Using high-quality work to drive referrals.

Financial Planning 52

Financial Planning Clients Taxes Planning 52

Cordant Wealth Partners

AUGUST 16, 2024

Most recently, Intel announced layoffs impacting 15% of the workforce with a plan to cut $10 billion in total costs. So, if you separate from the company near the end of the year, earning a full year of salary plus severance payouts, you could be pushed into a higher tax bracket. Tax planning for a transition out of Intel is critical.

Planning 52

Planning Retirement Taxes Accounting 52

Darrow Wealth Management

JULY 30, 2024

For founders, employees, and executives with stock-based compensation, an 83(b) election can be a powerful tax planning tool. When you make an 83(b) election, you’re opting to pay tax on unvested shares now, instead of when the stock vests. It can also preclude some tax planning strategies down the road.

Taxes 52

Taxes Tax Planning Startup Valuation 52

Harness Wealth

MARCH 10, 2023

If the manager chooses to use the Three-Year Carried Interest Loophole, they would not be required to pay taxes on that $200,000 until 2026. However, if the investment is sold before the three-year mark, the standard tax rate would apply, and the manager would need to pay tax on their carried interest.

Taxes 52

Taxes Tax Planning Startup Portfolio 52

Darrow Wealth Management

MARCH 29, 2024

There are two AMT tax rates: 26% and 28%. AMT exemptions and phase out were increased significantly in the 2017 Tax Cuts and Jobs Act. These higher limits are scheduled to sunset in 2026. Not tax advice! At the end of the day, all of the tax planning opportunities with ISOs involve risks.

Taxes 52

Taxes Tax Planning Planning Wealth Management 52

WiserAdvisor

JANUARY 23, 2024

Seeking professional advice can provide valuable insights and a roadmap to achieve your financial goals with strategic planning. If your financial advisor is not keeping a close eye on your taxes, they might be missing out on various opportunities that could impact your financial well-being.

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Financial Advisor Risk Tolerance Communication Taxes 40

Nationwide Financial

MARCH 6, 2023

For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize. Even if a client believes they would not be subject to estate or gift tax under current law, you may want to re-examine the value of their assets to determine whether they exceed a lower exemption amount.

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Tax Planning Taxes Planning Distribution 78

Darrow Wealth Management

JANUARY 30, 2023

just upended retirement planning…again. Raising the age when withdrawals must begin is great as it gives investors more planning opportunities. Here are some tax planning strategies to consider when you should start drawing from your IRA. The Secure Act 2.0 But just because you can doesn’t mean you should.

Distribution 105

Distribution Tax Planning Retirement Taxes 105

Zajac Group

NOVEMBER 7, 2024

Creating wealth that can provide financial security for generations to come is an incredible feat, and it requires careful planning, consideration, and communication among family members. Let’s take a look at the tax impact and other considerations of each. 200/share (today’s fair market value) – $188.44/share

Planning 52

Planning Estate Planning Taxes Assets 52

Harness Wealth

JULY 29, 2024

In this guest post, Harness Tax Advisory Council member, Griffin Bridgers, J.D., covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. contained a number of changes relevant to estate planning. However, awareness is key, both for clients and advisors.

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Estate Planning Taxes Planning Tax Planning 59

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.

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Tax Planning Taxes Planning Assets 246

Nerd's Eye View

APRIL 30, 2025

Which has made it difficult for advisors and their clients to plan for the future with less than a year remaining before the scheduled sunset. Although the 2024 U.S. Recently, however, the House and Senate agreed to adopt a budget resolution that represents a crucial first step in the process of passing a 'reconciliation' bill. Read More.

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Budgeting Taxes Tax Planning Clients 162

Sara Grillo

SEPTEMBER 11, 2023

We’ve got special guests Dan McGrath and Paul Morrison of IRMAA Certified Planner with us today to talk about what you may be overlooking about IRMAA planning. The “old way” – does it neglect IRMAA planning? An example is how tax planning is handled. But are taxes going up or down in the future?

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Planning Financial Advisor Taxes Retirement 111

Harness Wealth

JANUARY 28, 2025

What are the capital gains tax changes in 2025? What are the changes to 529 plans in 2025? Tax strategies for high-net-worth individuals in 2025 Stay tax-efficient with Harness What are the key tax changes in 2025? Below are the standard deductions and marginal tax rates for 2024 and 2025.

Taxes 52

Taxes Planning Retirement Accounting 52

Harness Wealth

APRIL 18, 2025

We also cover concerning data showing financial illiteracy cost Americans over $243 billion in 2024, and news that President Trump has signed legislation blocking an IRS cryptocurrency reporting rule previously scheduled to take effect in 2026. Did you miss last weeks edition? You can find it here.

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Taxes Math Tax Planning Assets 52