15 Things to Consider Before the End of 2023

15 Things to Consider Before the End of 2023

Now is the time to implement year-end tax planning strategies to mitigate tax liabilities for 2023. Below are our top tax planning strategies to consider: 1. Charitable Contributions Consider lumping 2 years of planned charitable contributions into one year to take...

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Health Savings Accounts

Health Savings Accounts

With increasing medical costs for both insurance premiums and copays, individuals look for alleviation through income tax deductions.  Health Savings Accounts (HSAs) are considered one of the most tax advantaged strategies in the current tax code. If you qualify to...

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California SALT Cap Workaround (AB 150)

California SALT Cap Workaround (AB 150)

The Tax Cuts and Jobs Act (TCJA) passed in late 2017 put a $10,000 limit on the amount of state and local taxes (SALT) individuals could subtract as itemized deductions.  As a workaround, many states have enacted legislation to allow certain pass-through entities...

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I’ve Inherited an IRA; Now What Do I Do?

I’ve Inherited an IRA; Now What Do I Do?

The loss of a family member is difficult to deal with emotionally but handling the logistics of the inheritance and paperwork can be overwhelming.  Inheriting an Individual Retirement Account (IRA) now comes with new strict rules and guidelines which every beneficiary...

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Educational Savings Accounts

Educational Savings Accounts

With rising costs of higher education, many parents and other relatives are looking for ways to save for future college expenses for children.  The sooner you start saving the more time those investments have to grow. Below, we outline the types of educational savings...

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