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When the Tax Cuts and Jobs Act of 2017 increased the estate and gift tax exemption amount from $5.49 million to $10.98 million, it significantly reduced the number of wealthy Americans that had to worry about such taxes. However, the exemption and other trust and...
Too often, we don’t think about how to lower our income tax burden until we’re getting our documents together for tax season. We suddenly realize how much we paid in taxes and worry about what we may still owe. While it is generally too late to do anything about...
When the Build Back Better Act (BBBA) was first introduced last year, it contained significant changes to tax laws that would increase the tax bill of many individuals and corporations in the U.S., particularly for high-income earners. The purpose was to raise...