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
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.
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 (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.
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.
Just like how the principal of Roth IRAs can be withdrawn tax-free & penalty-free, the same can be done with Backdoor Roth IRAs & Mega Backdoor Roth 401ks if certain rules are followed.
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.
AMT, or Alternative Minimum Tax, is a secondary federal tax system parallel to the regular IRS tax system. Its purpose is to ensure taxpayers who receive too many deductions & tax breaks still pay a minimum amount of tax to the IRS.
Qualified ESPPs allow you to purchase stock at a discount from your company while offering favorable LTCG treatment if certain holding requirements are met.
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.
Social Security benefits may be taxable depending on your income level in retirement, and if you decide to take SS early before your full retirement age, you may receive a reduction in benefits if you are still working.