Wealth Management

OCTOBER 22, 2024

Revenue Procedure 2024-40 reveals what’s new for the 2025 tax year.

Taxes 111

Taxes 111

Abnormal Returns

AUGUST 4, 2024

papers.ssrn.com) Taxes No matter who is President in 2025, taxes will be at the top of the agenda. (morningstar.com) Paid sick leave mandates help employees better maintain work-life balance. papers.ssrn.com) How McDonalds' ($MCD) wages vary by geography. nytimes.com) Opportunity Zones have largely been a disappointment.

Financial Advising 275

Financial Advising Startup Economy Taxes 275

Abnormal Returns

OCTOBER 16, 2024

wapo.st) Taxes Things to consider when taking RMDs from different IRA accounts. financialducksinarow.com) IRS Direct File is expanding to more states in 2025. (advisorperspectives.com) Home insurance Does home insurance have a future? vox.com) Climate change risk by county.

Transportation 289

Transportation Insurance Retirement Taxes 289

Advisor Perspectives

DECEMBER 3, 2024

One of the most important issues for Congress next year is tax reform.

Taxes 98

Taxes 98

Wealth Management

JANUARY 3, 2024

The 2024 election will play an essential role in determining what is and isn’t on the table for potential 2025 tax reforms.

Taxes 122

Taxes 122

Calculated Risk

OCTOBER 10, 2024

With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2025. Percent Benefit Increase for 2025 Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 percent in 2025 , the Social Security Administration announced today.

Retirement 115

Retirement Taxes 115

Wealth Management

JUNE 21, 2024

Some strategic actions and best practices in the wake of the sunsetting of the 2017 Tax Reform and Jobs Act in 2025.

Taxes 116

Taxes 116

Nerd's Eye View

SEPTEMBER 27, 2023

Nonetheless, Parent PLUS borrowers (and their advisors) have an opportunity (until July 1, 2025) to access more generous IDR plans by using a "Double Consolidation" loan strategy. Which not only cuts into a parent's current cash flow, but also limits their ability to save for their (potentially fast-approaching) retirement.

Education 246

Education Financial Advisor Planning Clients 246

Covisum

AUGUST 5, 2022

In the absence of Congressional action, multiple provisions of the Tax Cut and Jobs Act (TCJA) will expire at the end of 2025, and tax rules will revert to what they were before the legislation. The TCJA reduced specific tax brackets and increased the standard deduction.

Tax Planning 98

Tax Planning Taxes Planning Retirement 98

Abnormal Returns

AUGUST 23, 2023

(wealthfoundme.com) More families are at risk from estate taxes looking out into 2025 and beyond. humbledollar.com) Why QCDs can be so valuable, tax-wise. wsj.com) It's understandable why people put off estate planning. jdroth.com) Retirement You probably need less for retirement than you think.

Estate Planning 246

Estate Planning Retirement Communication Taxes 246

Nerd's Eye View

NOVEMBER 15, 2023

One of these was the Employee Retention Credit (ERC), a tax credit that eligible small businesses could take against their employment taxes.

Clients 246

Clients Taxes Government Startup 246

Nerd's Eye View

SEPTEMBER 6, 2024

Also in industry news this week: A probe by the Government Accountability Office found that the conflict-of-interest disclosures offered by many firms offering financial advice are often inadequate or confusing, making it hard for consumers to understand whether and when a financial professional is operating in their best interest A recent study has (..)

Financial Planner 246

Financial Planner Tax Planning Compliance Financial Advice 246

Harness Wealth

OCTOBER 8, 2024

Key Takeaways: T ax Season Start: The IRS will likely begin accepting 2024 tax returns between January 15 and 31, 2025. Key Deadlines: The federal tax filing deadline (Tax Day) is April 15, 2025, with an extension deadline of October 15, 2025. Document Deadlines: Most key tax forms (W-2, 1099, etc.)

Taxes 52

Taxes Electronics Insurance Startup 52

Wealth Management

OCTOBER 21, 2024

Heading toward Election Day, four congressional committee leaders offer clues about their priorities.

Taxes 116

Taxes 116

Wealth Management

NOVEMBER 20, 2024

John Thune favors pro-growth policies.

Taxes 104

Taxes 104

Nerd's Eye View

JULY 17, 2024

million estate tax threshold or for whom inclusion of the insurance proceeds would bump them over the threshold. And with the threshold scheduled to be reduced by 50% when the Tax Cuts & Jobs Act expires after 2025, many more business owners stand to be impacted by the Connelly decision in the near future. Read More.

Taxes 130

Taxes Insurance Planning Clients 130

Wealth Management

JULY 17, 2024

Targeting wealthy individuals could gain traction regardless of the party in power.

Taxes 111

Taxes 111

Wealth Management

APRIL 10, 2024

The program has attracted significant inflows from individual investors looking for tax benefits. A contentious Congress might jeopardize its extension.

Taxes 115

Taxes 115

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

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

NAIFA Advisor Today

SEPTEMBER 30, 2024

As we approach the sunset of key provisions in the Tax Cuts and Jobs Act (TCJA) set for 2025, taxpayers and businesses alike are bracing for significant changes. With the potential for major tax legislation on the horizon, now is the time to prepare.

Taxes 52

Taxes 52

Harness Wealth

OCTOBER 24, 2024

What do you need to optimally complete and file your taxes? 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. Use this tax prep checklist as a tool to save time ahead of tax filing.

Taxes 52

Taxes Insurance Insurance Coverage Medical 52

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. For example, in 2017, the marginal tax brackets were 10%, 15%, 25%, 28%, 33%, 25%, and 39.6%.

Taxes 89

Taxes Tax Planning Planning Estate Planning 89

Abnormal Returns

NOVEMBER 4, 2024

Podcasts Meb Faber and Wes Gray talk about how ETFs unlock tax efficiency and the launch of the Cambria Tax Aware ETF ($TAX). riabiz.com) The best financial adviser conferences for 2025. podcasts.apple.com) Ben Carlson and Michael Batnick talk with Nate Conrad of Stone Ridge about how LifeX ETFs operate. kitces.com)

Wealth Management 163

Wealth Management Financial Advising Wealth Advisor Compliance 163

Wealth Management

JULY 16, 2024

Sara Barba and Sandra Swirski look at philanthropy’s fate for 2025.

Taxes 103

Taxes 103

Carson Wealth

FEBRUARY 29, 2024

But when does gifting become a tax issue? Let’s take a closer look at estate and gift taxes and how you can approach them with a financial planning mindset. Taxes on Giving??? Why do you have to pay taxes on money you’re giving away? This continued until the federal government wised up and imposed a federal gift tax.

Taxes 96

Taxes Financial Planning Planning Estate Planning 96

Harness Wealth

NOVEMBER 12, 2024

As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year. Find your next tax advisor at Harness today. Starting at $2,500.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

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. There are income limits for contributions to a traditional IRA that qualify for a tax deduction. In the vast majority of cases the answer is no.

Taxes 84

Taxes Distribution Retirement Retirement Planning 84

Abnormal Returns

DECEMBER 4, 2024

Podcasts Christine Benz talks 2025 taxes with Ed Slott author of "The Retirement Savings Time Bomb Ticks Louder." apolloacademy.com) Taxes Some things to know about doing a QCD. morningstar.com) Dan Haylett talks with Christine Benz, author of "How to Retire: 20 Lessons For a Happy, Successful, And Wealthy Retirement."

Retirement 148

Retirement Estate Planning Taxes Assets 148

Wealth Management

OCTOBER 16, 2024

New UMA capabilities, personalized indexing, automated tax-loss harvesting and CTO Services announced for 2025 by Commonwealth.

Management 109

Management Investing Investments Taxes 109

Mish Talk

NOVEMBER 21, 2022

This will be financed from “a broad donor base” and “mosaic of solutions,” such as international development banks and taxes on aviation, shipping and fossil fuels. Coal accounts for 60% of China’s power generation, and more new coal plants are set for approval through 2025 than the entire existing U.S. it won’t commit climate suicide.

Taxes 260

Taxes Banking Accounting Economics 260

Wealth Management

FEBRUARY 27, 2024

Here Comes Tax Reform 2025.

Taxes 104

Taxes 104

Wealth Management

DECEMBER 16, 2024

Tax policies and legislation the new administration may support.

Taxes 73

Taxes 73

Talon Wealth

OCTOBER 28, 2024

Did you know that Trump’s tax cuts might expire in 2025? First introduced in 2017, Trump’s tax credits have impacted various tax brackets, standard deductions, and estate taxes. With the future of these tax policies uncertain, it’s vital to stay informed and prepared. appeared first on Talon Wealth.

Taxes 40

Taxes Retirement Financial Planning Portfolio 40

Nerd's Eye View

JULY 24, 2024

When the original SECURE Act was passed in December 2019, it brought sweeping changes to the post-death tax treatment of qualified retirement accounts. As a whole, these regulations introduce significantly more complexity to the process of tax planning around retirement accounts, particularly after the death of the account's original owner.

Distribution 190

Distribution Retirement Accounting Tax Planning 190

Nationwide Financial

MARCH 6, 2023

Even if a client believes they would not be subject to estate or gift tax under current law, you may want to re-examine the value of their assets to determine whether they exceed a lower exemption amount. 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

Harness Wealth

JULY 29, 2024

In this guest post, Harness Tax Advisory Council member, Griffin Bridgers, J.D., covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. 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