Should an LLC hold your vacation home?
If you share a vacation home with family members, holding it in a limited liability company (LLC) is one option that offers several important benefits. Here are a few: Asset …
Consider Taxes Before Moving Out of State
With so many people working remotely these days, it’s become common to think about moving to another state — perhaps for better weather or to be closer to family. Many …
The “Hidden” Advantage of HSAs
A Health Savings Account (HSA) coupled with a high-deductible health plan can be a powerful tool for funding medical expenses on a tax-advantaged basis. For 2020, individuals with self-only coverage …
AMTs May Still Bite for Some Filers
For many years, the alternative minimum tax (AMT) posed a risk to many taxpayers in the middle- to upper-income brackets. The Tax Cuts and Jobs Act (TCJA) took much of …
Life Insurance Loans Risks vs. Benefits
Because of the economic downturn triggered by the COVID-19 crisis, many people have found themselves in need of cash to pay unexpected medical bills, mortgage payments, and other expenses. One …