Cordant Wealth Partners

JULY 18, 2022

In this article, I’m sharing everything you need to know about how Restricted Stock Units (RSUs) are taxed. Little-known RSU tax strategies. If you’re ready to master RSU taxes and avoid overpaying the IRS in 2022, this article is for you. Shares held after vesting are taxed as capital gains when they are sold.

Taxes 52

Taxes Medical Accounting Planning 52

Nerd's Eye View

SEPTEMBER 5, 2022

Welcome to the September 2022 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Financial Advisor 185

Financial Advisor Estate Planning Accounting Taxes 185

Carson Wealth

FEBRUARY 16, 2024

By Mike Valenti, CPA, CFP ® , Director of Tax Planning It’s that time of year again! W-2s, 1099s and mortgage statements have been to hit your mailbox: a daily reminder that it is, once again, Tax Season. Overall, it was a relatively quiet year on the tax front. For single filers, it’s now $13,800, up from $12,550 in 2022.

Taxes 93

Taxes Consulting Accounting Planning 93

Wealthfront

MARCH 6, 2023

However, if you were a Wealthfront client in 2022, all of that volatility had a significant silver lining in the form of Tax-Loss Harvesting. Billion in Losses To Lower Clients’ Taxes In 2022 appeared first on Wealthfront Blog. Last year […] The post Wealthfront Harvested $1.5

Taxes 64

Taxes Clients Accounting Financial Market 64

Nerd's Eye View

DECEMBER 28, 2022

House of Representatives, on December 23, 2022, passed the Consolidated Appropriations Act of 2023, an omnibus spending bill that includes the much-anticipated and long-awaited retirement bill known as SECURE Act 2.0. And nearly 3 years to the day after its predecessor was passed, the U.S.

Tax Planning 246

Tax Planning Taxes Planning Retirement Planning 246

Nerd's Eye View

DECEMBER 28, 2022

House of Representatives on December 23, 2022, passed the Consolidated Appropriations Act of 2023, an omnibus spending bill that includes the much-anticipated and long-awaited retirement bill known as SECURE Act 2.0. And nearly 3 years to the day after its predecessor was passed, the U.S.

Tax Planning 246

Tax Planning Taxes Planning Retirement Planning 246

Integrity Financial Planning

APRIL 24, 2023

Even as tax season winds down, it’s still important that you consider tax strategy as part of your financial picture. Many couples file jointly, and while it can sometimes help save on your taxes, it isn’t always the best option in each case! Determine if you can file jointly. 1] Consider your deductions and credits.

Taxes 91

Taxes Financial Guidance Medical Education 91

Integrity Financial Planning

JUNE 12, 2023

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement, based on information from sources published between 2022 and 2023.

Taxes 92

Taxes Retirement Financial Planning Consulting 92

Your Richest Life

APRIL 5, 2022

If you’ve already filed your taxes and received your refund, you might already be thinking of ways to use that refund. Here are some tips for putting that money to the best possible use in 2022: Avoid impulse tax refund spending. If you received a tax refund, then you might already be imagining different ways to spend it.

Taxes 52

Taxes Budgeting Accounting Fee Only 52

Good Financial Cents

JANUARY 19, 2023

A major decision in retirement planning is whether to make pre-tax or Roth (after-tax) 401k contributions. Pre-tax contributions go into your retirement account with money that has not been taxed, and then taxes will be paid when the funds are withdrawn in retirement.

Taxes 97

Taxes Retirement Accounting Consulting 97

MainStreet Financial Planning

MARCH 7, 2023

It is March…that means you have just about 5 weeks left to get organized and submit your tax return. The tax deadline is April 18, 2023 (some taxpayers in disaster areas in California, Georgia and Alabama have an extended deadline). Gathering all your documents is crucial to complete a tax return free of mistakes.

Taxes 85

Taxes Retirement Planning Distribution Planning 85

Cornerstone Financial Advisory

OCTOBER 31, 2022

Source: Econoday, October 28, 2022 The Econoday economic calendar lists upcoming U.S. Source: Zacks, October 28, 2022 Companies mentioned are for informational purposes only. Did you know that the IRS has an app that makes it easy to check some things off your tax to-do list? Get tax help. CNBC, October 27, 2022.

Marketing 105

Marketing Marketing Economics Taxes 105

Wealth Management

NOVEMBER 23, 2022

Lothes highlight the most important tax law developments of the past month. Handler and Alison E.

Taxes 64

Taxes 64

Wealth Management

DECEMBER 22, 2022

The Patagonia Purpose Trust, and how high-net-worth individuals combine tax mitigation and charitable intent, was a thematic story in 2022 for advisors.

Planning 109

Planning Taxes 109

Nerd's Eye View

AUGUST 29, 2022

For most advisory firms, 2022 has been a year of relative stability, market volatility notwithstanding. Which means now it’s time once again to take at least a brief pause to get some feedback about how we’re doing.

Financial Advisor 204

Financial Advisor CFP Taxes Clients 204

Brown Advisory

JUNE 5, 2023

2022 Impact Report: Tax-Exempt Sustainable Fixed Income Strategy bgregorio Mon, 06/05/2023 - 05:22 A Letter of Introduction From The Portfolio Managers Our 2022 impact report builds on our commitment to measuring, documenting and communicating the outcomes that our strategy produces for our clients.

Taxes 52

Taxes Portfolio Management Portfolio Communication 52

Cornerstone Financial Advisory

AUGUST 1, 2022

Source: Econoday, July 29, 2022 The Econoday economic calendar lists upcoming U.S. Source: Zacks, July 29, 2022 Companies mentioned are for informational purposes only. Don’t Forget to Take Advantage of the Work Opportunity Tax Credit. This information is not intended to be a substitute for specific, individualized tax advice.

Marketing 104

Marketing Marketing Taxes Economics 104

Nationwide Financial

AUGUST 29, 2022

Key Takeaways: Even without new legislation, the prospect of higher taxes in the future is still looming. The impact of higher taxes on retirees could be substantial, so staying up to date on the current tax landscape is vital. But even without new legislation, the prospect of higher taxes in the future is still looming.

Taxes 98

Taxes Retirement Accounting Budgeting 98

Wealth Management

APRIL 20, 2023

Lothes highlight the most important tax developments of the past month. Handler and Alison E.

Taxes 52

Taxes 52

Fortune Financial

NOVEMBER 22, 2022

The clock is ticking for taxpayers who wish to minimize the taxes they will owe in the spring. The IRS does not tax what you divert directly from your paycheck into your retirement or health savings accounts. In 2022, the limit for a 401(k) plan is $20,500 or $27,000 if you are age 50 or above.

Taxes 98

Taxes Education Retirement Financial Advisor 98

Wealth Management

SEPTEMBER 22, 2022

Lothes highlight the most important tax law developments of the past month. Handler and Alison E.

Taxes 59

Taxes 59

Wealth Management

AUGUST 29, 2022

Lothes highlight the most important tax law developments of the past month. Handler and Alison E.

Taxes 59

Taxes 59

Nationwide Financial

MARCH 6, 2023

Key Takeaways: Because the 2022 and 2023 standard deductions are relatively high ($27,700 in 2023 and $25,900 in 2022 for married couples filing jointly), it isn’t worthwhile for many taxpayers to itemize deductions. Tax season has begun, and it’s not too early to think about planning for the 2023 tax year.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Your Richest Life

JUNE 30, 2023

If you were surprised at tax time this year, then you’re not alone. 2022 tax refunds were about 10 percent smaller than they were last year, and for those who owed money, they tended to owe more than they expected. Taking the time now to make some strategic moves can lead to some significant savings on your taxes for the year.

Taxes 78

Taxes Retirement Financial Planner Accounting 78

Wealth Management

FEBRUARY 22, 2023

During the fourth quarter of 2022, 66 independent financial professionals affiliated with the tax-centric broker/dealer.

Recruitment 98

Recruitment Assets Taxes 98

Darrow Wealth Management

NOVEMBER 17, 2022

In November 2022, proponents of the Massachusetts ‘millionaires’ tax (question 1) won their bid to nearly double the income tax rate on individuals with taxable income over $1M a year. As proposed, the new legislation would increase these tax rates to 9% and perhaps even 16% , respectively, starting in 2023.

Taxes 96

Taxes Wealth Management Tax Planning Planning 96

Wealth Management

JANUARY 23, 2023

The criminal investigative arm of the IRS counts down their biggest cases of the past year.

Taxes 115

Taxes 115

MainStreet Financial Planning

NOVEMBER 10, 2022

Estates of decedents who die during 2023 have a basic exclusion amount of $12,920,000, up from a total of $12,060,000 for estates of decedents who died in 2022. The annual exclusion for gifts increases to $17,000 for the calendar year 2023, up from $16,000 for the calendar year 2022. SmartAsset’s Federal Income Tax Calculator for 2022.

Taxes 82

Taxes Retirement Planning Planning Accounting 82

Your Richest Life

FEBRUARY 27, 2024

Tax time is here again, and if you’re not one of the 25 million Americans who have already filed , then you’re probably going through the process of gathering what you need and preparing to file. The Child Tax Credit and Potential Changes The 2023 child tax credit is capped at a refundable amount of $1,600 – for now.

Taxes 52

Taxes Fee Only CFP Financial Planning 52

Nerd's Eye View

JUNE 26, 2024

And so the conundrum of people with "too much" savings in their 529 plan – either because they overestimated how much they needed to save, or because they chose a different path entirely that didn't involve going to college – has been how to get funds out of the plan without sacrificing a large part of their value to taxes and penalties.

Education 227

Education Retirement Taxes Distribution 227

WiserAdvisor

OCTOBER 11, 2022

While these can be avoided, there is another cash outflow that can considerably lower your savings and returns and is also hard to avoid – tax. Tax planning is essential. Tax is charged on every penny you earn. Tax evasion is a crime, and missing tax payments can lead to legal hassles that can be hard to get out of.

Financial Planning 80

Financial Planning Accounting Taxes Planning 80

Financial Symmetry

FEBRUARY 27, 2023

The Inflation Reduction Act, passed in August 2022, brought with it a significant investment into clean energy, and numerous changes to the preexisting electric vehicle tax credit. appeared first on Financial Symmetry, Inc.

Taxes 52

Taxes Investing Investments 52

Cornerstone Financial Advisory

OCTOBER 3, 2022

Rising recession fears and uncertainty in the bond and currency markets sent stocks to new 2022 lows last week. During the previous week, the Bank of England (BOE) raised interest rates, and its prime minister announced unfunded tax cuts that the markets interpreted as inflationary. With Shared Custody, Taxes Can Get Complicated.

Marketing 59

Marketing Marketing Taxes Economics 59

WiserAdvisor

NOVEMBER 7, 2022

The federal income tax is levied by the U.S. It is a mandatory tax that you pay to the government every year. Evading tax is a serious legal offense punishable by law. Therefore, it is important to stay up to date with the changing tax laws, rates, and dates for filing your income tax return. Single filers.

Taxes 52

Taxes Financial Advisor Medical Government 52

The Big Picture

AUGUST 12, 2024

Economy in 2022 was $25,439.70B; in 2009, it was $14,478.06B; ignore that also? Do we simply ignore the growth in the size of the economy and the U.S. population? The US population today is 341,814,420; in 2009 it was 308,512,035. Do we just ignore that? Do we pretend that there has been no inflation? By the way, inflation-adjust that $1.3T

Economy 347

Economy Taxes Investing Investments 347

Good Financial Cents

SEPTEMBER 29, 2022

In this guide, we’re going to present the 10 best long-term investment strategies for 2022. The table below provides a quick summary of each of the 10 best long-term investment strategies for 2022, along with the main features and benefits of each. Below is our list of the 10 best long-term investment strategies for 2022.

Investing 109

Investing Investments Retirement Planning Risk Tolerance 109

Cornerstone Financial Advisory

DECEMBER 19, 2022

The FOMC ended its last meeting of 2022 by raising interest rates another 0.5% Source: Econoday, December 16, 2022. Source: Zacks, December 16, 2022. Well-organized recordkeeping makes it easier to prepare your tax return and provide evidence of tax deductions. The Wall Street Journal, December 16, 2022.

Marketing 59

Marketing Marketing Economics Taxes 59