From charitable contributions to optimizing deductions, Maxwell Locke & Ritter is here to guide you through every step of your year-end tax planning.Contact ustoday if you have questions about these updates.
Year-end tax planning can be especially beneficial toindividuals with uneven income streams, providing the opportunity to accelerate or defer compensation. In a lower-than-usual income year, it's often prudent to review existing traditionalIRAs and former employer 401(k) plans and work with a tax...
YEAR-END MOVE:Incorporate this into your overall estate plan. For instance, your plan may involve various techniques, including bypass trusts, that maximize the benefits of the estate and gift tax exemption. Also, the higher interest rate environment may make certain estate planning strategies more ...
along with associated compliance requirements. Additionally, strategic considerations are essential to facilitate efficient tax planning for the upcoming year, 2024.
This is a collaborative effort, and a client’s role in tax planning is crucial. Together, we look at the ways they give, save, and invest, and consider how tax laws might change from one year to the next. Most of the updates for 2024 are a result of the Consolidated Appropriations ...
As 2024 rides into the sunset, there’s still time to optimize tax strategies for yourindividual retirement account. Year-end tax planning is not only about saving money today; it can also set you up for better financial outcomes later in life. By taking strategic steps now, you...
receive by 40% to 50%, depending on which state you are a resident of at date of death. However, there are planning techniques and strategies available to maximize the amount of wealth that is preserved for your family. See the chapter on estate and gift tax planning for more information....
On February 12, Boston tax partner Moshe Spinowitz will participate in the panel “Integration of International Businesses Post-Acquisition” as part of PLI’s Cross-Border M&A Tax Planning 2024: Doing Worldwide Deals From the Office, Dining Room and the Beach. The speakers will explore the cha...
It's not too late to do some last-minute tax planning before filing your 2024 federal tax return. Here are four tax-smart moves you can still make before Tax Day. 1. Consider contributing to a traditional IRA One way to potentially save on your 2024 taxes and put away money for ...
($30,500 if age 50 or older) in 2024 for 401(k)s and similar plans—if you have the means. Not only can this help reduce your taxable income for the current year and boost your overall savings, but doing so can also be a great tax-planning strategy if you think your tax rate ...