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Why a gifting strategy still matters

Newburg | CPA Tax Brief (11/20/2021) The IRS recently announced next year’s cost-of-living adjustment amounts. For 2022, the federal gift and estate tax exemption has cracked the $12 million mark: $12.06 million to be exact. Arguably more notable, the annual gift tax exemption has increased by $1,000 to $16,000 [...]

2021-12-17T11:11:45-05:00November 23, 2021|

2021 Individual Year-End Tax Planning

Newburg | CPA Tax Brief (11/19/2021) As the year-end approaches and we look forward to 2022, individuals should be reviewing their situations to identify any opportunities for reducing, deferring, or accelerating tax obligations. Specifically, taxpayers should be considering the tax reform provisions that remain and that are expiring from [...]

2021-12-09T12:20:17-05:00November 19, 2021|

Do you have a will?

Newburg | CPA Tax Brief (11/12/2021) The need for a will as a key component of your estate plan may seem obvious, but you’d be surprised by the number of people — even affluent individuals — who don’t have one. A reason for this may be a common misconception [...]

2021-12-09T12:54:04-05:00November 12, 2021|

What are your options to pay for long-term care?

Newburg | CPA Tax Brief (10/18/21) Too often, people planning their estates focus on tax and asset-protection issues and overlook long-term health care needs. But the high cost of long-term care (LTC) can quickly devour resources you need to maintain your lifestyle during retirement and provide for your children [...]

2021-10-22T07:18:06-04:00October 22, 2021|
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