New Round of Stimulus Checks

New Round of Stimulus Checks

On December 21, 2020, the U.S. Senate and House of Representatives voted to approve the Consolidated Appropriations Act of 2021. Sec 272 of Subtitle B – COVID-related Tax Relief Act of 2020 in the Act confirms the payment of $600 for each taxpayer ($1,200 if...
2020 Year-End Estate Tax Planning Tips

2020 Year-End Estate Tax Planning Tips

President-Elect Joe Biden has proposed reducing the lifetime estate and gift tax exclusion. Whether you should act now to preserve the larger current exclusion depends on your personal situation. The lifetime estate and gift tax exclusion is higher than it has ever...