In this week's Ask the Editor Q&A, we answer four questions from readers on transferring 529 plan money to a Roth IRA.| Latest from Kiplinger
Don't pay more tax on your investments than you need to. You can keep more money in your pocket (or for retirement) by avoiding these three common mistakes.| Latest from Kiplinger
Holding too much of one company's stock can put your financial future at risk. Here are four ways you can strategically unwind such positions without triggering a massive tax bill.| Latest from Kiplinger
The costs of homeownership may continue to rise in retirement. Here's how to manage that.| Latest from Kiplinger
The “One Big Beautiful Bill,” recently signed into law, reshapes U.S. tax policy by locking in TCJA provisions and introducing new deductions, credits, and savings incentives for families, seniors, and businesses, while phasing out green energy tax breaks and increasing the SALT cap. The post The “One Big Beautiful Bill” appeared first on Central Trust Company.| Central Trust Company
Republican lawmakers advance a controversial budget bill that would gut IRS funding further, risking your 2026 tax filing season.| Latest from Kiplinger
The Great Wealth Transfer is well underway, yet too many families aren't ready. Here's how to bridge the generation gap that could threaten your legacy.| Latest from Kiplinger
The rules on charitable giving are changing. For some, tax deductions for donations are now an option. For others, that option may have been curtailed.| Latest from Kiplinger
A solid retirement plan is a must, but you can't go halfway. Neglecting just one area of your plan could cause the whole thing to collapse.| Latest from Kiplinger
Taxes can get complicated quickly, and the more money you have, the tougher they tend to be. So, if you have any of these 10 tax situations, don't risk it.| Latest from Kiplinger
Get ready for tax season! Understand the One Big Beautiful Bill Act and its implications for individuals and businesses alike.| WealthKeel Advisors LLC
The One Big Beautiful Bill Act (OBBBA) introduced sweeping tax reforms—but many important provisions that affect high-income and high-net-worth individuals remained unchanged. Below are 10 frequently asked questions that clarify what stayed the same under the final law, signed July 4, 2025. 1. Can I make Qualified Charitable Distributions (QCDs) from my IRA to a […] The post 10 Key Planning Rules that Didn’t Change Under the OBBBA appeared first on Heritage Financial Services.| Heritage Financial Services
This article discusses the step-transaction doctrine, the three tests used to determine if it applies, and advice for taxpayers to help avoid an IRS challenge of the tax treatment of a series of transactions based on the doctrine.| The Tax Adviser
"Am I financially OK?" is undoubtedly the most frequently asked question that I receive. As you might expect, there is not a one-size-fits-all answer, and many feel stuck when making financial decisions. However, here are a handful of things that may help guide you from a place of uncertainty or anxiousness toward ... Read more. The post Am I financially OK? appeared first on Grand Life Financial.| Grand Life Financial
After being in a savings mode for a good part of your life, you have now transitioned into retirement and may be wondering the best way draw down assets from your investment accounts to meet your living expenses and not incur significant taxes. The accumulation phase was somewhat straightforward as you used tax-advantaged investments to| Grand Life Financial
House Republicans advanced a multitrillion-dollar tax and spending package that could have sweeping impacts on household finances.| CNBC
Americans surrender way too much money to taxation. The tax code is over 6.8k pages long. Our company leverages that complexity to help high-income earners pay less in taxes, ethically. Learn about the benefits of tax planning in this comprehensive guide!| Tencap LLC
How to navigate the 60% tax trap Being a top earner in the UK earning £100,000 or more means you could get caught out by the UK’s 60% tax trap and feel the sting of a much higher tax bill then you expected. What is the 60% tax trap The 60% tax trap is part […] The post How to navigate the 60% tax trap appeared first on Progeny.| Progeny
Beyond the headlines: The new tax law's true impact for job seekers and investors lies in how it will transform industries and create opportunities in areas such as regional accounting, AI and outsourced business services.| Kiplinger
Economic uncertainty, global events and increasing wealth are shaping the charitable landscape this year. Here are the philanthropic trends and some tips that could help affluent donors optimize their impact.| Kiplinger
Helping your child buy a house is becoming increasingly popular amongst parents but be aware of the possible tax implications for yourself.| Ridgefield Consulting
New limitations will apply starting in 2026, which makes 2025 a key window for maximizing your charitable contributions.| LSL CPAs
If you get health insurance from ACA, the government sets the percentages of income you are expected to contribute toward a benchmark policy.| The Finance Buff
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act into law, locking in major tax reforms that will impact individuals, business owners, and investors for years to come. It makes permanent most of the 2017 Tax Cuts and Jobs Act (TCJA) tax provisions that were set to expire this year, while […] The post One Big Beautiful Bill Act appeared first on Heritage Financial Services.| Heritage Financial Services
Deferral of taxes is the name of the game when it comes to eeking out extra profits.| Financial Planning
President Donald Trump’s "big beautiful bill" raises the SALT deduction cap to $40,000. Here's who will benefit.| CNBC
Shocking HSA Secrets: Are You Missing Out on Major Tax Benefits? So, you think you know your Health Savings Account? You might be leaving piles of money on the table every year without realizing it. I’m rolling back the curtain on some truly wild HSA stats and, yes, a few cautionary tales that’ll hit home—especially […] The post Unlock HSA Tax Perks: Max Out Savings, Avoid Costly Mistakes Now appeared first on WealthKeel Advisors LLC.| WealthKeel Advisors LLC
Uncover the best practices in tax planning for high-income professionals. Simplify your approach and enhance your savings.| WealthKeel Advisors LLC
Taxes are not only determined by how much income you receive but also by the type of income generated. Some income is taxed at ordinary rates, while other sources qualify for lower, preferential rates. Understanding how these different forms of income interact can open up valuable planning opportunities. The U.S. tax code is progressive, meaning […] The post Understanding Preferential Income Stacking in Retirement Planning appeared first on Retirement Researcher.| Retirement Researcher
Unlock the power of the NUA strategy for company stock in 401(k) and discover potential tax savings for your family.| WealthKeel Advisors LLC
Now is the time to discuss estate planning with your loved ones to ensure the Great Wealth Transfer is efficient, tax-aware and in line with your legacy goals — not Uncle Sam's.| Kiplinger
Report outlines CRA communication failures that resulted in wasted time, effort, from taxpayers| Investment Executive
In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on deductions, tax proposals and IRAs.| Kiplinger
Your home is probably your biggest asset, so if you're getting a divorce, the stakes are high. Keep it? Sell it? You need to have a good plan in place for how to handle it.| Kiplinger
When you contribute to a 401(k), your investments grow tax deferred. But when you start taking distributions, you typically pay ordinary income taxes on the entire amount withdrawn. However, if you own your employer’s publicly traded stock inside your 401(k) — and that stock has appreciated in value — you may be able to ... Read more. The post The Smart Way to Pay Less Tax on Company Stock in Your 401(k) Using NUA appeared first on Grand Life Financial.| Grand Life Financial
Gifting can be a tax-efficient way to transfer wealth before and after your passing, and there are many strategies available depending upon your situation and goals. Gift Tax Exclusion – The IRS provides an annual gift tax exclusion of up to $17,000 (2023) to individual taxpayers. This means that you can gift ... Read more. The post What gifting strategies will reduce my taxes? appeared first on Grand Life Financial.| Grand Life Financial
There are several ways that you can reduce your taxes when contributing to qualified charitable organizations, so long as you are able to itemize your tax deductions. Establish a Donor-Advised Fund – Tax law changes may have adversely impacted your ability to itemize your annual charitable donations. You might consider establishing a ... Read more. The post How can I maximize my tax savings when donating to charity? appeared first on Grand Life Financial.| Grand Life Financial
Understand the advantages of choosing pre-tax retirement savings for physicians to boost your financial health and retirement plans.| WealthKeel Advisors LLC
Learn more about The Nestmann Group – a wealth protection advisory firm that helps Americans build comprehensive wealth preservation plans. Since 1984.| The Nestmann Group
Report outlines CRA communication failures that resulted in wasted time, effort, from taxpayers| Advisor.ca
Learn more about The Nestmann Group – a wealth protection advisory firm that helps Americans build comprehensive wealth preservation plans. Since 1984.| The Nestmann Group
Discover the power of Backdoor Roth IRAs for high-income earners. Learn how to navigate the strategy and maximize your retirement savings.| WealthKeel Advisors LLC
What happens to Canadian income tax return when you are financially independent retired early and living off your investment income only? (i.e. dividend income)| Tawcan
Learn more about The Nestmann Group – a wealth protection advisory firm that helps Americans build comprehensive wealth preservation plans. Since 1984.| The Nestmann Group
Learn more about The Nestmann Group – a wealth protection advisory firm that helps Americans build comprehensive wealth preservation plans. Since 1984.| The Nestmann Group
Former President Donald Trump and Vice President Kamala Harris both want to end taxes on tips. Here's why some policy experts don't like the idea.| CNBC
Learn more about The Nestmann Group – a wealth protection advisory firm that helps Americans build comprehensive wealth preservation plans. Since 1984.| The Nestmann Group
It is the continual build that makes 77k Shared Savings so important. They quickly made a meaningful impact by increasing their and their employees’ net income.| MainStreet
It is the continual build that makes 77k Shared Savings so important. They quickly made a meaningful impact by increasing their and their employees’ net income.| MainStreet
On March 21, 2024, the Senate read the H.R.7024 bill, known as the Tax Relief for American Families and Workers Act of 2024, for the second time but no further action was taken.| MainStreet
Smart solution for your employees to have tax-free education The post Educational Assistance Program appeared first on MainStreet.| MainStreet
How your employees can save money on job-related expenses The post Working Condition Fringe Benefit Plans appeared first on MainStreet.| MainStreet
Help your employees with repaying their student loans tax-free. The post Did you know employer student loan repayments can be tax-free? appeared first on MainStreet.| MainStreet
Consider setting up an accountable plan for your remote employees today The post How to save money for your work-from-home employees appeared first on MainStreet.| MainStreet
How to Decide When to File Your Taxes with Uncertainty of Section 174 In Mind| MainStreet
Learn how to boost your tax savings and support your favorite charities using a Donor Advised Fund. Discover the power of strategic giving today!| WealthKeel Advisors LLC
The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.| The Finance Buff