Could the Alternative Minimum Tax Come Roaring Back?
As a high-income earner, you may have breathed a sigh of relief when the Tax Cuts and Jobs Act (TCJA) of 2017 reduced the impact of the alternative minimum tax (AMT). However, the AMT will return in full force after 2025, when key TCJA provisions expire. Under the AMT, certain taxpayers must calculate their…
11 Advanced Strategies for Tax-Efficient Charitable Giving
Your wealth has the potential to change lives and communities for the better through charitable giving. With a thoughtful donation strategy, you have the potential to save a lot of money in personal and estate taxes. This strategy can help you protect and grow generational wealth. As of 2024, you can generally deduct charitable cash…
7 Essential High-Net-Worth Tax Strategies for Preserving Wealth
Your wealth requires a sophisticated tax reduction strategy that addresses the diversity and magnitude of your assets. But unfortunately, it’s all too easy to overlook the options available to you—at a steep cost to your net worth. Estate plans can accumulate millions of dollars in unnecessary tax liabilities. On top of that, many retirement plans…
The Tax Cuts and Jobs Act Expires Soon: Are You Prepared?
It’s One of the Smartest Tax Moves You Can Make. Substantial changes to the tax code are on the horizon, meaning you should review your wealth management strategy now to prepare for potential consequences. The sweeping 2017 tax reform known as the Tax Cuts and Jobs Act (TCJA) catalyzed a seismic policy shift when it…