Default Newsletter Title

Default Newsletter Content

We don’t want to get spammed either. We respect your privacy and protect it.

Ramping up to the election, we get lots of questions about potential tax changes. Below are some proposals that are on the table – summarized in plain English!

Increase to Top Marginal Tax Rate
The proposal is to let the 2017 tax cut expire, raising the top federal rate from 37% to 39.6%.

Increase to Qualified Dividends and Long-Term Capital Gains Tax
The proposal would increase the tax rate for qualified dividends and long-term capital gains from 20% to the top tax rate (37% now or proposed 39.6%) for individuals who earn over $1 million.

Loss of Stepped-Up Basis upon Inheritance
The proposal would make transfers of assets, such as real estate, by gift or death a taxable event with no step-up in basis.

Federal Estate Tax Exemption
The proposal would decrease the tax exempt giftable amount from $13M/person to $7M/person.


Keep Reading

Things to Keep in Mind When Hiring Household Employees

When hiring household employees, being aware of your responsibilities as an employer is important. Here are some essential factors to consider: Who is considered a household employee? A household employee is someone you hire to work in or around your home and have control over their tasks and how they are carried out. This includes full-time […]


Methods to Save on Taxes When Selling Rental Property

Thinking of selling your rental property or converting it into your home to save on taxes? With the right approach, you can reduce or defer capital gains taxes and make the most of your investment. Here’s how strategic tax planning can help:   1. Reduce Taxes by Converting Your Rental Property to Your Primary Residence […]


Understanding Your Tax Obligations as a Pass-Through Entity

Pass-through entities offer a distinct tax advantage over traditional C-corporations. They are not required to pay federal taxes at the entity level. Instead, each owner must report their share of the business profits, losses, and other tax items on their individual tax returns. This prevents double taxation, a common concern for business owners, where income […]


Join our newsletter

Check out of some of the topics we’ve written about! Hope they help, or perhaps even spark a conversation. If you want to regularly receive these kind of updates, please sign up for our newsletter.