Adviser Investments and Polaris Wealth Advisory Group are now RWA Wealth Partners.
Adviser Investments and Polaris Wealth Advisory Group are now RWA Wealth Partners.
Imagine cashing in your investment earnings only to find you’ve triggered an unexpected tax bill—one you could have mitigated with better planning. Or how about…
Please join us for a special presentation and learn strategies to help protect more of your wealth from the IRS. Hear our advice on how to maintain focus on your financial goals and not the upcoming elections.
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 tax liability twice—once under the regular income tax rules and again under the AMT rules. You then pay whichever amount is higher. The AMT has its own set of tax rates (26% and 28%) and allows fewer deductions compared with the regular tax system, ensuring that high-income earners pay a minimum amount of tax regardless of their deductions. Before the TCJA, the AMT affected a significant number of high-income…
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