Jun 12, 2018 | Firm Updates, Individual Tax, Retirement Planning, Trusts and Estates
The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA didn’t repeal these taxes, it did significantly reduce the number of taxpayers...
Apr 3, 2018 | Firm Updates, Individual Tax, Retirement Planning
Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred—or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but even nondeductible...
Dec 20, 2017 | Firm Updates, Retirement Planning, Tax Tips, Year End
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018. But one piece of good news for taxpayers who are already maxing out their contributions is that the 401(k) limit has gone up...
Nov 21, 2017 | Firm Updates, Retirement Planning, Year End
As the end of the year approaches, most of us have a lot of things on our to-do lists, from gift shopping and donating to our favorite charities to making New Year’s Eve plans. For taxpayers “of a certain age” with a tax-advantaged retirement account, as well as...
Oct 10, 2017 | Firm Updates, Retirement Planning, Small Business
Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper...
