The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Act) included new gift, estate, and generation-skipping transfer (GST) tax provisions.
David Frederick, Director of Client Success and Advice at First Bank Wealth Management, suggests New Years resolutions for managing your money that are easy to understand and simple to follow through on.
The start of a new year is an ideal time to check in with your finances and determine if any adjustments need to be made. Assessing how and what impacted your finances in the past year can help you get a better understanding of your financial situation going into the new year.
Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Typically, suggestions are grouped into several different categories, such as "Filing Status" or "Employee Matters," for ease of reading.
Just what you need, right? One more time-consuming task to be taken care of between now and the end of the year.
As one year winds down and we prepare for a new one, here are some simple tips to help lower your taxes and put you on solid financial footing as we look forward to 2022.
In times of crisis, you don't want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you're protected when a financial emergency arises.