Darrow Wealth Management

NOVEMBER 11, 2024

Updated for 2024 – 2025. Because many taxpayers earn too much to make pre-tax IRA contributions as they have a 401(k) at work. Many people end up paying taxes twice. From a tax reporting standpoint, you can simply file Form 8606 with your next tax return to reflect historical non-deductible IRA contributions.

Taxes 84

Taxes Distribution Retirement Retirement Planning 84

MainStreet Financial Planning

NOVEMBER 8, 2024

As December unfolds, it’s easy to overlook year-end tax planning amid the holiday hustle. However, dedicating a few moments now can lead to significant savings come tax season. To help you retain more of your hard-earned money and reduce your tax liability, consider these five strategic moves before the year concludes.

Taxes 83

Taxes Medical Consulting Education 83

Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. The TCJA has many provisions that are set to expire (sunset) at the end of 2025. In addition, the SALT cap, currently $10,000 per tax return (not per person) will be eliminated.

Taxes 89

Taxes Tax Planning Planning Estate Planning 89

Harness Wealth

OCTOBER 24, 2024

This article covers a comprehensive list of the most common forms, documents, and information needed to file taxes. If you need a cheat sheet, download our 1-page tax prep checklist. To plan your tax timeline, see our article, 2025 Tax Deadline Information for Individual Filers.

Taxes 52

Taxes Insurance Insurance Coverage Medical 52

Harness Wealth

JULY 29, 2024

Any reporting companies created during 2024 have 90 days to file this report, and for reporting companies created in 2025 or after this filing deadline is reduced to 30 days. On the estate planning front, chief among these potential changes is the sunset of the gift and estate tax basic exclusion amount for U.S.

Estate Planning 59

Estate Planning Taxes Planning Tax Planning 59

Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. The TCJA has many provisions that are set to expire (sunset) at the end of 2025. In addition, the SALT cap, currently $10,000 per tax return (not per person) will be eliminated.

Taxes 52

Taxes Tax Planning Planning Estate Planning 52

Darrow Wealth Management

NOVEMBER 7, 2024

Exercise strategy: Timing: Consider the tax implications of exercising vested options before or after the IPO, timing of sales, and tax planning opportunities. Cash flow: Depending on the type of equity you have, exercising can be challenging given tax implications and having cash to buy the stock.

Taxes 83

Taxes Wealth Management Wealth Advisor Tax Planning 83

Indigo Marketing Agency

DECEMBER 17, 2024

What many of them dont realize is that seeing big results doesnt have to mean investing major amounts of time or money. Example topics: 5 Tips for Navigating Market Volatility or How Elections Impact Investment Strategies. Lets make your 2025 marketing strategy one that delivers big results with small, intentional actions.

Marketing 52

Marketing Marketing Financial Advisor Clients 52

Darrow Wealth Management

SEPTEMBER 11, 2024

There’s no forced ‘catch up’ and RMDs are not technically needed before 2025 (though it should be considered). Tax treatment of an inherited IRA or retirement account Most retirement accounts are funded with pre-tax dollars so distributions are fully taxable to you, the beneficiary, as regular income.

Accounting 82

Accounting Retirement Distribution Taxes 82

Carson Wealth

FEBRUARY 29, 2024

To help illustrate how they work together, consider this scenario: Sally is generous with her kids, gifting them all sizable amounts to help pay for their first homes, start businesses, or make whatever investments they see fit. Then, she meets with her financial advisor to review her estate plan.

Taxes 96

Taxes Financial Planning Planning Estate Planning 96

Harness Wealth

APRIL 17, 2023

In this article, we’ll discuss: Who Pays the Alternative Minimum Tax? If you live in one of these states, it’s essential to be familiar with the state-specific AMT rules, and other state-level tax implications to minimize your overall tax liability. How is AMT Calculated?

Taxes 52

Taxes Tax Planning Planning Investing 52

Brown Advisory

NOVEMBER 5, 2021

Without downplaying the importance of appropriate action around year-end tax planning, our purpose in this letter is to encourage clients to step back, take a breath and consider using this time to focus on the long term. But, there are other considerations to keep in mind, like changes in tax exposure.

Planning 52

Planning Tax Planning Taxes Clients 52

Darrow Wealth Management

NOVEMBER 5, 2024

If you invested in a startup or small business (founders, employee exercise of stock options, business owner), you need to know about qualified small business stock. If eligible, you may be able to exclude up to 100% of the gain from federal taxes when you sell your shares through the capital gains tax exclusion.

Taxes 53

Taxes Wealth Management Tax Planning Assets 53

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. Transfer After Death The IRS does impose a federal estate tax—though the exemption limit in 2024 is at a historically high rate of $13.61

Planning 52

Planning Estate Planning Taxes Assets 52

Brown Advisory

AUGUST 1, 2019

Roth and traditional IRAs both provide tax-free growth on invested assets to account owners, but the two options also differ in a variety of ways. From a legacy planning standpoint, two distinctions are especially important: Roth IRAs do not require their owners or spouses to take mandatory distributions.

Planning 52

Planning Distribution Taxes Accounting 52

Brown Advisory

AUGUST 1, 2019

Roth and traditional IRAs both provide tax-free growth on invested assets to account owners, but the two options also differ in a variety of ways. From a legacy planning standpoint, two distinctions are especially important: Roth IRAs do not require their owners or spouses to take mandatory distributions.

Planning 52

Planning Distribution Taxes Accounting 52

Cordant Wealth Partners

AUGUST 16, 2024

Other pay : Certain employees can be eligible for “pay in lieu of redeployment” (9 weeks) and an “additional separation bonus” (8 weeks) It’s important to note that severance payouts are taxed as ordinary income in the year of payout. Tax planning for a transition out of Intel is critical.

Planning 52

Planning Retirement Taxes Accounting 52

Harness Wealth

JUNE 23, 2023

Harness Tax LLC is affiliated with Harness Wealth Advisers LLC, collectively referred to as “Harness Wealth” Harness Wealth Advisers LLC is an internet investment adviser registered with the Securities and Exchange Commission (“SEC”).

Estate Planning 52

Estate Planning Financial Planning Planning Taxes 52

Darrow Wealth Management

NOVEMBER 14, 2024

Important note This article is for informational purposes only and should not be misinterpreted as personalized advice of any kind or a recommendation for any specific investment product, financial or tax strategy. Disclosure [Last reviewed November 2024] The post How Are Stock Options Taxed?

Taxes 52

Taxes Sales Wealth Management Planning 52

Brown Advisory

APRIL 1, 2020

Strategic Planning in Volatile Markets ajackson Wed, 04/01/2020 - 09:31 Our conversations with clients usually cover topics that range beyond investment and financial affairs. FINANCIAL PLANNING Home Refinance. GIFT AND ESTATE TAX PLANNING Outright Gifting. Intra-family Note Refinance.

Strategic Planning 52

Strategic Planning Planning Marketing Marketing 52

Brown Advisory

APRIL 1, 2020

Strategic Planning in Volatile Markets. Our conversations with clients usually cover topics that range beyond investment and financial affairs. FINANCIAL PLANNING. GIFT AND ESTATE TAX PLANNING. Past performance is not a guarantee of future performance and you may not get back the amount invested.

Strategic Planning 52

Strategic Planning Planning Marketing Marketing 52