A sweeping new tax bill—officially called the “One Big Beautiful Tax Bill”—has passed, bringing a mix of extensions, updates, and brand-new provisions that could shape your tax planning and financial strategy in the years ahead.
The death of a spouse is a profoundly challenging time, both emotionally and financially. This article explores the key tax considerations for surviving spouses, including filing status, inherited basis adjustments, home sale exclusions, notifications to relevant agencies, estate tax considerations, and trust issues.
This article will explore how direct indexing SMAs can address key investment challenges—such as creating a better core equity portfolio, reinvigorating frozen portfolios, diversifying concentrated stock, improving tax efficiency following a business sale, enhancing an existing model portfolio, and migrating a model portfolio—while also optimizing tax efficiency.
Navigating the U.S. tax system can be challenging for small business owners, but leveraging the Qualified Business Income Deduction (QBID) can lead to significant tax savings. With the QBID set to expire after December 31, 2025, understanding how to maximize this deduction is crucial. In this article, we explore key strategies to help non-corporate businesses optimize their tax efficiency and make the most of this valuable provision before it’s too late.
This blog will talk about some of the most notable changes from the Tax Cuts and Jobs Act of 2018, as well as provide an update about what to expect when this bill is sunsetted in 2025.
With careful planning, and provided you follow the rules, the tax code allows you to use the home sale gain exclusion every two years.