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Alternative Minimum Tax (AMT) in 2026: The New Landscape under OBBBA
OBBBA has permanently extended the AMT exemptions amount from TCJA, but also accelerated the phaseout ranges. This article examines the impact of the new changes on AMT in 2026.
Differences between New York and New Jersey State Income Taxes
New York and New Jersey have a variety of differences in their state income taxes which can make calculating which state is optimal for tax purposes difficult to figure out. This article delves into some important differences that can help with determining that.
Donor-Advised Funds
Donor-Advised Funds (DAFs) are charitable giving accounts that allow one to front-load their donations in a single taxable year while retaining the flexibility to grant to various charitable organizations over multiple years.
Notable Highlights from the Passage of the One Big Beautiful Bill Act (OBBBA)
OBBBA extends many of the expiring TCJA 2017 provisions as well as implement new changes such as the increased $40,000 SALT cap, a temporary increased deductions for seniors, a new QOZ program for specific rural areas with increased tax benefits, and more.
Early Withdrawals for Roth IRAs, Backdoor Roth IRAs, & Mega Backdoor Roth 401ks
Just like how the principal of Roth IRAs can be withdrawn tax-free & penalty-free, the same can be done with Backdoor Roth IRAs & Mega Backdoor Roth 401ks if certain rules are followed.
Protecting your Identity: Credit Freezes and Fraud Alerts
Freezing your credit across ALL 3 credit bureaus is one of the best ways to prevent people from opening fraudulent accounts in your name. In addition, if you’ve been the victim of identity theft, you can set up a fraud alert with the credit bureaus.