Harness Wealth

NOVEMBER 12, 2024

Frontloading 529 Contributions Contributions to 529 plans can also be frontloaded or “superfunded”, allowing you to make up to five years’ worth of contributions in a single year without incurring gift taxes. Review Your Estate Planning The end of the year can also be a practical time to take stock of your long-term estate planning.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Nationwide Financial

MARCH 6, 2023

While clients are thinking about 2022’s taxes, it’s a good time to discuss income, estate, and business planning opportunities for 2023. Defer income Clients may consider putting off asset sales or delaying receipt of other income until next year to reduce 2023 taxable income.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Harness Wealth

MARCH 11, 2024

These taxes can include state and local property taxes, income taxes, and sales taxes. If the stock is held for more than five years, the investor can exclude up to 100% of the capital gains from the sale of the QSBS from their income, subject to certain limits. Keep in mind that breaking the wash-sale rule.

Startup 59

Startup Taxes Medical Retirement 59