2026 CPA tax planning 
RogerRossmeisl
JULY 16, 2022
Beginning on January 1, 2026, the amount is due to be reduced to $5 million, adjusted for inflation. The post Your Estate Plan: Don’t Forget About Income Tax Planning appeared first on Roger Rossmeisl, CPA. Of course, Congress could act to extend the higher amount or institute a new amount.
CPA Practice
JUNE 13, 2024
Rahill, CPA/PFS, JD, LL.M., The Tax Cuts and Jobs Act of 2017 (TCJA) brought about substantial changes to the tax landscape, significantly increasing the lifetime estate and gift tax exemption amounts ($13.61 This strategy balances the benefits of current tax law with the need for financial flexibility and security.
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Withum
NOVEMBER 29, 2022
This luxury is set to phase out starting January 1, 2023, until it is fully eliminated in 2027 as follows: Period Bonus Depreciation Percentage 9/27/2017 – 12/31/2022 100% 2023 80% 2024 60% 2025 40% 2026 20% 2027 0%. This is a complex area with tax implications so please reach out to your real estate tax professional for guidance.
CPA Practice
DECEMBER 13, 2023
State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The West Virginia Society of Certified Public Accountants (WVSCPA) is offering an Introduction to Crypto Currency and Tax Planning.
CTP
OCTOBER 30, 2024
This type of specialized company has been gaining popularity—and many of them have been on the lookout for a tax planner to complete their financial advisory teams. A family office focuses on managing the wealth and the personal affairs of a family, typically through the services of a large CPA firm. What exactly is a family office?
CPA Practice
JUNE 16, 2023
Estate and gift tax considerations As of 2023, individuals can currently transfer up to $12.92 million (either during your life or as part of your estate) without triggering federal gift taxes or estate taxes. million, and a married couple can transfer a total of up to $25.84 Harvesting capital gains.
Anders CPA
APRIL 23, 2024
Defer Itemized Deductions If taxpayers expect their income to be lower in the future, they may want to defer some of their itemized deductions until after 2025 to take advantage of the higher tax benefit in 2026. For 2024, the annual gift tax exclusion is $18,000 per person without using any of the taxpayer’s lifetime exclusion amount.
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