Carson Wealth

FEBRUARY 6, 2025

Every year brings changes in tax rules, and 2025 is no exception. Whether you are saving for retirement, running a business, or planning for your family’s future, these updates could affect your financial decisions throughout the year. Charitable Giving and Tax Planning The tax rules continue to encourage generosity.

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Harness Wealth

JANUARY 29, 2025

In this article, well examine the most effective end-of-year tax strategies to help maximize your deductions and reduce your taxable income. These contributions not only provide immediate tax relief but help secure longer-term financial stability during retirement. Available to taxpayers aged 70.5

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Darrow Wealth Management

AUGUST 28, 2023

The sale of a business marks a major life event. With many sellers relying on the sale to fund their retirement and lifelong financial goals, getting it right from the start is critical. It’s not uncommon for business owners to assume they’ll never retire at some point during their life.

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Darrow Wealth Management

NOVEMBER 17, 2022

The surtax will increase the Massachusetts tax liability by $68,000 on the sale of their home. The simple examples above only illustrate the state tax impact, but federal tax implications will also apply. that could increase the tax due from the surtax. Consider an installment sale.

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Harness Wealth

APRIL 17, 2025

Donor-advised funds (DAFs) have emerged as powerful tools that deliver this exact combination, providing immediate tax advantages while offering flexibility to recommend grants to qualified organizations over time. This approach often pushes itemized deductions above the standard deduction threshold, maximizing your tax benefits.

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Ballast Advisors

NOVEMBER 21, 2022

What are appropriate checklists for year-end tax planning? Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Certain tax benefits may be available if you can claim an individual as a dependent. Family tax planning. Financial investments.

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Harness Wealth

APRIL 17, 2025

Both ISOs and NSOs follow vesting schedules that determine when options become exercisable, with taxation occurring at exercise and sale points. These include student loan interest, educator expenses, and certain contributions to retirement accounts. Why do tax credits exist? Are you self-employed ?

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Fortune Financial

APRIL 11, 2024

The reality for those with various employers is that untracked retirement savings might lead to missed financial growth opportunities and instability. Diligent oversight and management of these retirement accounts is essential for anyone aiming to build a solid financial foundation for a comfortable and secure retirement.

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James Hendries

SEPTEMBER 20, 2022

Although there are a number of ways to accomplish a shifting of income, the following methods are most popular: employing family members, family partnerships, interest-free and below-market loans, gifting, sale- or gift-leaseback, trusts, and life insurance/annuities. Timing the receipt of your income can also help you lower your taxes.

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Harness Wealth

JANUARY 29, 2025

In this comprehensive guide, well examine tax-loss harvesting in depth, looking at its benefits, drawbacks, mechanics, and suitability for different types of investors. Table of Contents What is tax-loss harvesting? How does tax-loss harvesting work? What is the wash-sale rule? When should you avoid tax-loss harvesting?

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Sara Grillo

NOVEMBER 11, 2024

Andy Panko started a taxes in retirement Facebook group. It’s a masked sales call. Instead of coming to them with a sales pitch, come to them as an advocate. I just wanted to come in and do a seminar about how to do tax planning in XYZ County. Treating the gatekeeper cold will cause you to lose sales.

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Darrow Wealth Management

JULY 1, 2024

This tax benefit is scheduled to sunset at the end of 2026. Tax planning for 2026 Depending on your situation, income, and goals, your planning options will vary. As with anything in tax planning, it’s important not to let the tax-tail wag the dog.

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Integrity Financial Planning

NOVEMBER 7, 2022

When markets take a spill, especially when it comes to your retirement investments, it’s harder to find ways to meet your financial goals. And if you’re nearing retirement, market losses may provide cause to push back the time you enter retirement. When is the Right Time for Tax-Loss Harvesting? 1] [link]. [2]

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Yardley Wealth Management

MARCH 1, 2022

Part 3: Tax-Wise Financial Planning In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. But tax planning isn’t just for your investments. But we can weave each event into the tax-planning fabric of your financial life.

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Yardley Wealth Management

MARCH 1, 2022

Part 3: Tax-Wise Financial Planning. In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. . But tax planning isn’t just for your investments. Each can translate into tax-planning challenges and opportunities: .

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WiserAdvisor

SEPTEMBER 8, 2023

Most people feel a sense of anticipation and excitement before retirement. Yet, amidst the joy and delight, it is vital to remember that the journey to retirement is not one to be rushed. Hasty decisions made before retirement can lead to unexpected financial troubles and compromises.

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Harness Wealth

OCTOBER 5, 2023

From quarterly estimated tax planning to equity compensation and crypto tax planning, diversifying your service offerings can not only set you apart from the competition, it can also help you significantly grow your revenue and retain clients.

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eMoney Advisor

DECEMBER 13, 2022

However, it can be tricky to reach the mass affluent demographic through traditional sales channels. Yet many still have complex needs requiring more sophisticated and personalized investment, estate, and tax planning services. This “one simple plan for one single goal” idea is more than just another income stream.

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Harness Wealth

MARCH 6, 2025

A good rule of thumb is to set aside at least 30% of every payment you receive to cover your estimated tax obligationshowever, this percentage may need to be adjusted based on your individual tax bracket. On the whole, its advisable to consult a tax adviso r to develop a dependable tax plan.

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Yardley Wealth Management

FEBRUARY 15, 2022

The post Part 2: Tax-Wise Investment Techniques appeared first on Yardley Wealth Management, LLC. Part 2: Tax-Wise Investment Techniques In our last piece, we introduced some of the tools of the tax-planning trade. In other words, your tax-planning techniques matter at least as much as the tools.

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Yardley Wealth Management

FEBRUARY 15, 2022

The post Part 2: Tax-Wise Investment Techniques appeared first on Yardley Wealth Management, LLC. Part 2: Tax-Wise Investment Techniques. In our last piece, we introduced some of the tools of the tax-planning trade. In other words, your tax-planning techniques matter at least as much as the tools.

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Walkner Condon Financial Advisors

MAY 31, 2024

A little bit of effort and forward thinking during our summer and fall months will lead to a much more palatable and, potentially, financially advantageous tax season the following year. The reason for this is quite simple – tax planning requires actual planning. One of the reasons to consider could be taxes.

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Indigo Marketing Agency

MARCH 10, 2025

Instead of just talking about taxes in retirement, Joe presents a clear problem (overpaying taxes) and an actionable solution (his free video series on tax planning through retirement). A strong hook: He immediately addresses a common pain point: Worried about taxes eroding your retirement savings?

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Harness Wealth

JANUARY 10, 2025

The key benefits Reduced tax liability: So long as youre paying reasonable wages to your child, you can lower overall tax liability. For instance, children can earn a gross income up to $14,000 (2024) tax-free under the standard deduction, shifting income to a lower tax bracket.

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FMG

OCTOBER 6, 2022

Grow your assets under management ( AUM ) , enjoy more productivity, and increase your sales revenue when you put FMG Suite and Salesforce to work in your financial services firm. . Consistently improve your advisory’s sales methods and results. What are some advantages of a CRM? The average advisor serves 156 clients.

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Zajac Group

JUNE 15, 2022

Why not make best use of your tax-planning powers when you do? At a glance, it would seem qualified dispositions are the way to go: Qualified dispositions: Proceeds are taxed at (usually lower) long-term capital gains rates. Disqualified dispositions: Proceeds are subject to various (usually higher) tax rates.

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MainStreet Financial Planning

DECEMBER 13, 2022

Maximizing your retirement contributions in your employee or self-employed retirement account should be a priority since one or two pay periods are all that are left this year. Some tax-deductible transactions can be made after December 31 st and still count on your tax return, but not many. Happy Tax Planning!

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Harness Wealth

FEBRUARY 13, 2023

Whether you’re planning for an upcoming liquidity event , such as an IPO, or you’re interested in bringing more sophistication to your overall tax strategy, Harness Tax offers a range of services to meet your needs. We’ll provide a shortlist of tax experts who specialize in your profile and needs. How does it work?

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Harness Wealth

MARCH 11, 2024

By working with a tax professional, you can apply tax strategies to reduce your taxable income or defer paying taxes. 20 tax reduction strategies for high-income earners in 2024 Tax strategy is complex, and there are numerous ways of reducing taxable income depending on your situation.

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Harness Wealth

MARCH 31, 2023

NFT taxes for creators Creators of NFTs will need to pay taxes on any income generated from the sale of their NFTs. The taxes owed may also vary depending on whether you sell NFTs as an individual or as a business. However, when you sell an NFT that you minted, you will need to report the income from the sale.

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Darrow Wealth Management

MAY 3, 2024

Whether the windfall was expected, perhaps from the sale of a business, or unexpected, you’ll want to make a plan for the future. Do you want to retire? In addition to asking the right questions during planning sessions, getting support from a financial advisor specializing in windfalls is key. Can you afford to?

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Darrow Wealth Management

MAY 3, 2024

Whether the windfall was expected, perhaps from the sale of a business, or unexpected, you’ll want to make a plan for the future. Do you want to retire? In addition to asking the right questions during planning sessions, getting support from a financial advisor specializing in windfalls is key. Can you afford to?

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Carson Wealth

NOVEMBER 3, 2022

Use a qualified charitable distribution (QCD) from your individual retirement account (IRA). If you are age 70 ½ or older, you can transfer money from your IRA to a charity as a qualified charitable distribution (QCD), which makes it tax-free up to $100,000 ($200,000 if you file jointly).

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Darrow Wealth Management

JULY 1, 2024

This tax benefit is scheduled to sunset at the end of 2026. Tax planning for 2026 Depending on your situation, income, and goals, your planning options will vary. As with anything in tax planning, it’s important not to let the tax-tail wag the dog.

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Carson Wealth

JULY 26, 2023

A well-crafted succession plan ensures a smooth transition and guarantees the long-term viability and prosperity of your organization while ensuring you’re financially equipped for your ideal retirement. As the sole proprietor approaches retirement age, the business begins to wind down too.

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Indigo Marketing Agency

JULY 1, 2024

Here are some innovative financial planning marketing ideas: Host workshops and webinars: These are effective ways to educate your audience on topics such as retirement planning, investing strategies, and tax planning. Would You Like to Advance Your Financial Planning Marketing?

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Midstream Marketing

DECEMBER 6, 2024

Running focused social media campaigns that highlight their services and share their skills in areas like tax planning or retirement planning. You can increase engagement and boost sales by dividing your email list into different groups. Then, send them useful content that fits their interests.

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