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As retirement planning grows increasingly complex, sophisticated investors and their financial advisors are seeking advanced strategies to maximize capital preservation and minimize tax liabilities. One of the most potent, yet frequently underutilized, tools in the financial planning arsenal is the Health Savings Account (HSA). While typically viewed as a vehicle for medical expenses, the HSA

The Internal Revenue Service (IRS) on Thursday announced the 2026 benefit and contribution limits for qualified retirement plans, including contribution maximums for Section 401(k) plans and Individual Retirement Arrangements (IRAs). Notably, the maximum contribution limit for 401(k) plans is increasing by $1,000. Notice 2025-67 provides updated dollar limits for a variety of qualified retirement plans

OBBBA signed into law on July 4, 2025, introduces major tax changes for individuals and businesses, including new deductions and permanent extensions of prior tax cuts. This law served to extend the expiring provisions of the Tax Cuts and Jobs Act (TCJA) while also implementing several new tax cut proposals from the president. Based on

President Donald Trump’s so-called “big beautiful bill” will temporarily raise the cap on the federal deduction for state and local taxes (SALT) from $10,000 to $40,000 for the 2025 tax year. A new Redfin report released last week suggests that this change could provide larger tax savings for residents in certain states, depending on their

Understanding whether your child needs to file a tax return depends on the type and amount of income they earn, and whether they qualify as your dependent. Here’s what to know: Types of Income for Dependents Earned income includes wages, tips, professional fees, or taxable scholarships and fellowships—basically anything a child earns through work. Unearned

Individual Key Tax Provisions Tax Provision Current Law House Bill Senate Bill (Approved by House) Individual Income Tax Rates TCJA rates expire after 2025; seven brackets return to pre-TCJA. Makes TCJA rates permanent; inflation-adjusted. Same as House; adds extra year of inflation for 10% and 12% brackets. Standard Deduction Reverts to pre-TCJA after 2025. Single

A well-crafted estate plan ensures your wealth reaches your intended beneficiaries—not the IRS. If you’re looking to transfer assets efficiently while retaining financial control, an Intentionally Defective Grantor Trust (IDGT) can be an effective tool. This estate planning strategy allows the trust creator (the grantor) to pay income taxes on trust assets, thereby reducing their