tax planning Tag

The window of opportunity for many tax-saving moves closes on December 31, so it's important to evaluate your tax situation now, while there's still time to affect your bottom line for the 2016 tax year. Timing is everything Consider any opportunities you have to defer income to...

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical...

The window of opportunity for many tax-saving moves closes on December 31, so it's important to evaluate your tax situation now, while there's still time to affect your bottom line for the 2015 tax year. Timing is everything Consider any opportunities you have to defer income to...

Charitable giving can play an important role in many estate plans. Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe...

Understanding the importance of life insurance is one thing. Understanding the tax rules is quite another. As insurance products have evolved and become more sophisticated, the line separating insurance vehicles from investment vehicles has grown blurry. To differentiate between the two, a mix of complex...

Exemptions 2015 Projected for 2016 Personal and dependency $4,000 $4,050 Phaseout threshold (applies to itemized deductions as well) Married filing jointly $309,900 $311,300 Head of household $284,050 $285,350 Single $258,250 $259,400 Married filing separately $154,950 $155,650 Standard deduction 2015 Projected for 2016 Married filing jointly $12,600 $12,600 Head of household $9,250 $9,300 Single $6,300 $6,300 Married filing separately $6,300 $6,300 Standard deduction for dependent Greater of $1,050 or $350 + earned income Greater of $1,050 or $350 + earned income Additional standard...

What is a trust? A trust is a legal entity that is created when you transfer property to a trustee for the benefit of a third person. The trustee manages the property for the beneficiary in accordance with the terms and the instructions in the trust...