News & Insights

Don’t Forget to Factor 2022 Cost-of-Living Adjustments into Your Year-End Tax Planning

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The IRS recently issued its 2022 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, mainly due to the COVID-19 pandemic, many amounts increased considerably […]

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How to Plan for Succession: Paving the Way for Continued Prosperity

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Proficient chess players begin each game with a clear strategy that prepares multiple moves in advance. While each move is designed to set up the next, a strategic chess player […]

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There’s Currently a “Stepped-up Basis” If You Inherit Property — But Will it Last?

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If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. The current rules Under the current fair market […]

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2021 Child Tax Credit Updates & Advance Payments

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The American Rescue Plan Act (ARPA) of 2021 added several significant changes to the Child Tax Credit for 2021. Some of the changes include: Increasing the credit from $2,000 to […]

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Tax-Favored Ways to Build Up a College Fund

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If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage […]

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