What Is the Kiddie Tax – Income Rate and Rules Explained

Families with sizable assets often think about ways to minimize their tax burden. Enter the kiddie tax. It prevents wealthy parents from using their children to unfairly reduce their tax liability. But what is it and how does it work? The post What Is ...

Continue Reading What Is the Kiddie Tax – Income Rate and Rules Explained

Gift Tax: How Much Can You Gift Tax Free?

Gift tax rules allow tax-free gifts up to $14,000. How does the gift tax work? Do you owe taxes on a cash gift? How much can you give before paying tax?Gift tax rules allow tax-free gifts up to $16,000. If you pass this threshold, the lifetime exclusio...

Continue Reading Gift Tax: How Much Can You Gift Tax Free?

IRMAA 2023 Brackets: Avoid the Cliff

  • Post author:

IRMAA 2023 Brackets IRMAA stands for Income-Related Monthly Adjustment Amount. What a mouthful-She is a modest penalty for a high-income retiree to swallow. What you do now affects your IRMAA Brackets two years from now! Two aspects make IRMAAs particu...

Continue Reading IRMAA 2023 Brackets: Avoid the Cliff

Long-Term Capital Gains Stack on Top of Ordinary Income Tax

  • Post author:

Does Standard Deduction Apply to Capital Gains? There is a separate (and some would say mystical) taxation system for long-term capital gains and qualified dividends. Let’s talk about Long-Term Capital Gains Tax and how the standard deduction app...

Continue Reading Long-Term Capital Gains Stack on Top of Ordinary Income Tax

What Is IRS Form 1099-K Used For?

If you accept payment cards or accept online purchases, you’ll receive a Form 1099-K. But what does it have to do with your taxes, and how do you use it? The post What Is IRS Form 1099-K Used For? appeared first on Money Crashers.

Continue Reading What Is IRS Form 1099-K Used For?

Non-Deductible IRAs – A Comprehensive Guide

  • Post author:

Non-Deductible IRA vs. Brokerage Account Which is better: investing in a non-deductible IRA or a Brokerage account? Well, after-tax contributions to a traditional IRA are a common problem. These results in basis in your IRA. That is, you have money [&#...

Continue Reading Non-Deductible IRAs – A Comprehensive Guide

Tax Planning Window in Retirement

  • Post author:

Tax Strategies for Retirement – The Tax Planning Window What are the best tax strategies for retirement? First, we will discuss the tax planning window, and the optimal time to do tax management strategies in retirement. Next, not infrequently, t...

Continue Reading Tax Planning Window in Retirement

What Is Tax-Loss Harvesting and How Does It Work?

Tax-loss harvesting lets you use underperforming assets to lower your taxes. But managing your portfolio is complicated enough — is tax-loss harvesting even worth it? The short answer is yes. And advisory services leveraging modern technology can help ...

Continue Reading What Is Tax-Loss Harvesting and How Does It Work?

SLATs — I want an Estate Tax Problem!

I Want an Estate Tax Problem! SLATs If you have succeeded in your gathering and protection of assets, you just may have a Federal Estate Tax problem. Consider a SLAT. How about that for a new financial goal: I want […]

Continue Reading SLATs — I want an Estate Tax Problem!

Hedging Against Inflation and Monetary Policy Risk

July 5, 2022 Over the last few decades, we’ve become accustomed to a negative correlation between stocks and U.S. Treasury bonds. Bonds used to serve as a great diversifier against macroeconomic risk. Specifically, the last four downturns in 1991, 2001, 2007-2009, and 2020 were all so-called “demand-side” recessions where the drop in GDP went hand-in-hand … Continue reading Hedging Against Inflation and Monetary Policy Risk

Continue Reading Hedging Against Inflation and Monetary Policy Risk

End of content

No more pages to load