Section 351 of the Internal Revenue Code lets investors swap a concentrated, highly appreciated stock position for shares of a diversified ETF without triggering capital gains tax. Here’s how the strategy works, the requirements it must meet, and when it makes sense.
A look at the new Trump/530A accounts for kids alongside 529 plans, taxable custodial accounts, and custodial Roth IRAs — plus the Roth conversion and 401(k) split strategies that make them powerful
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.
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.
This article discusses tax optimization techniques including asset location, potential adjustments for significant capital losses from tax loss harvesting and tax considerations for alternative investments.
An advanced tax strategy that enhances the potential for capital losses generated by direct indexing by adding one or more short positions.
The SECURE 2.0 Act, signed into law on December 23, 2022, has an extensive list of changes relevant to retirement planning. The following is a brief overview of some of the changes:
Tax-loss harvesting can be useful in an array of situations, but understanding when to best utilize this strategy is key. Tax-loss harvesting is the practice of selling an investment for a loss.
The first component of this approach, comprising the majority of investment dollars, is the purchase of one or more certificates of deposit. There are banks offering CDs insured by the Federal Deposit Insurance Corporation with rates of more than 2% for a 10-year term.
Typically, health savings accounts (HSAs) are used as savings accounts for medical expenses, providing tax-deductible contributions and tax-free withdrawals.