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On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) and the omnibus fiscal year 2016 budget bill. This legislation addressed many individual and business tax provisions which expired at the end of tax-year 2014. Here is a summary of some of the more-popular personal tax provisions impacted by the legislation.
The experts of this show featured Donna Cator, CFP®, and Maria Caton, CFP®, Vice Presidents and Investment and Financial Planning Officers with our Wealth Strategies Group.
Charitable institutions stand to benefit as the first wave of baby boomers reach the stage where they are able to make significant charitable gifts. If you're like many Americans, you may have also considered donating to charity. While writing a
You made it through tax season and now you're looking forward to your summer vacation. But before you go, take some time to review your finances. Mid year is an ideal time to do so, because the demands on your
In the past 15 years, the federal government has actively modified the laws that dictate how much of a taxpayer’s estate will be subject to federal estate tax. The federal exemption from estate tax is now $5,340,000 per person and
When it comes to estate planning, women have unique concerns. The fact is that women live an average of 4.8 years longer than men. That's important because it means that there's a greater chance that you'll need your assets to
Although tax season is still a short time away, tax planning is a step you should take in advance of year end. Waiting too long can rob you of the opportunity to implement strategies that can help reduce your income
Tax changes for higher income earners Starting with 2013 tax year a new 39.6% federal income tax rate applies if your taxable income exceeds $400,000 (single) or $450,000 (married filing jointly). If you cross that threshold, a new 20% maximum
Too soon to be thinking about income taxes? Not if you want to reduce your 2013 tax obligation. Waiting too long can rob you of the opportunity to use strategies, such as those below, that may help lower your bill
It’s back to school season. If you’re helping a child pay for college or taking some college courses yourself, study up on these tax breaks. Two Credits for Higher Ed Expenses The American Opportunity Tax Credit is available for the
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