A blog for everyday financial tips, Trajan news updates, and more
The IRS has proposed several significant changes to the tax code as part of its revenue proposals for 2025. If enacted, these changes could have profound implications for estate planning and top earners.
The IRS emphasizes retirement savings and adjusts regulations annually to match the changing economic landscape. Review the 2024 IRS retirement savings thresholds and get a glimpse of the future as you plan your savings.
The substantial assets of many retirees often mean they bear a heavier tax burden than others. A little planning goes a long way to allevate that.
Remember, the key is not only about how much your investments earn but also how much you keep after taxes. Start planning ahead for capital gains tax with these four key concepts.
Retirement is the time to kick back and enjoy the fruits of your labor. Here are 7 tax-effective strategies to help sweeten your fruit basket.
2024 is coming up quickly. Here are five smart tax-saving strategies you can implement in your financial planning session.
Did you know you can reduce your taxes while also giving back to your community? Read what rules apply when using a DAF.
Claiming a tax credit for college can help reduce the cost of education but make sure that you qualify before filing your taxes. Read about the top five tax breaks and their requirements.
Investors may not fully understand how a strategy called asset location may help improve returns and lower their overall tax bill using these different types of accounts. Here, we outline what you need to know about each account type.
It’s not over yet. There’s still time left in 2022 for these five cost-saving maneuvers that can significantly lower your taxable income. Any contributions or distributions that are made this year would go a long way toward saving money when you file your return next year.
