by Gabby Miller | Jun 15, 2022 | Newsletter
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with the federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. Now, because many estates won’t...
by Gabby Miller | May 15, 2022 | Newsletter
The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased more than they have been in recent years. HSA basics An HSA is a trust created...
by Gabby Miller | Apr 14, 2022 | Newsletter
In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this, you’re probably aware of the financial risks and rewards. However, you also should know that renting out your home carries...
by Gabby Miller | Apr 5, 2022 | Newsletter
The clock is ticking down to the April 18 tax filing deadline. Sometimes, it’s not possible to gather your tax information and file by the due date. If you need more time, you should file for an extension on Form 4868. An extension will give you until October 17 to...
