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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
When estate taxes hit, they can hit hard. So taxpayers can take a lot of comfort in the fact that the American Taxpayer Relief Act (ATRA) dated January 3, 2013 has set the federal estate tax exemption at $5.25 million
Time may be running out to take advantage of favorable tax rates. In 2013, income , gift , and estate tax rates are scheduled to increase under current law. Here are some tax planning opportunities you may want to consider
There’s a new wrinkle in estate planning these days planning for the disposition of virtual (or digital) assets. Most people understand the importance of having a will stating who will inherit their physical assets when the time comes. Expanding your
You’ve probably seen the advertisements touting the creation of a revocable living trust as a good way to avoid probate. And for some people it is. However, it may not be appropriate for everyone or for every situation. Probate is
Maybe it should stand for “can reduce taxes,” but CRT is short for charitable remainder trust. By using a CRT to donate appreciated assets to a charity, you get to take an income tax deduction and receive a lifetime income
Domicile Your Trust Assets in Florida Whether you are a seasonal or permanent resident of Florida, or not at all, this tax friendly State does not impose income, estate, gift, intangibles, or generation skipping transfer (GST) taxes. Talk with us
You know that you are eligible to begin receiving Social Security benefits as early as age 62. But are you aware that depending on your income those benefits could be taxable? Wouldn’t you like to increase your net income (after
Retirement security is a concern for everyone. But when you’re self employed, you really have to think about the future. Just as you’re responsible for generating your own income now, you’re going to be pretty much on your own during
You’ve cleaned out your desk and said goodbye to your coworkers, and now you’re eager to start that new job you’ve accepted. But aren’t you forgetting something? What about the assets you have in your employer sponsored retirement plan account?
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