Darrow Wealth Management

NOVEMBER 17, 2022

The simple examples above only illustrate the state tax impact, but federal tax implications will also apply. Further, both examples ignore other sources of income, such as wages, pre-tax retirement account distributions, dividends, etc., that could increase the tax due from the surtax. Recognize the gain now.

Taxes 95

Taxes Wealth Management Tax Planning Planning 95

Cordant Wealth Partners

DECEMBER 2, 2022

It’s important to note, severance payouts are taxed, and taxed as ordinary income in the year of payout. So, if you separate from the company near the end of the year, earning both 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

Nationwide Financial

MARCH 6, 2023

Like individuals, businesses holding investments and other capital assets should consider other income, gains, and losses when determining when to sell capital assets. Defer income Clients may consider putting off asset sales or delaying receipt of other income until next year to reduce 2023 taxable income.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Harness Wealth

MARCH 11, 2024

This reduces an individual’s taxable income in the year they are made, which can be advantageous for individuals in higher tax brackets during their pre-retirement years. Donors who contribute to a DAF can deposit cash, securities, or other assets into the fund.

Startup 59

Startup Taxes Medical Retirement 59

Zajac Group

JANUARY 24, 2023

Tax Treatment of a Disqualified Sale If you sell your exercised shares before the qualifying timeframes just described, the sale is disqualified, and may be taxed as a blend of ordinary income and capital asset rates. A Note on Tax Planning: In a disqualified disposition of ISO, no income tax is withheld when you sell.

Taxes 52

Taxes Sales Tax Planning Planning 52