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    Your exec comp could be subject to the 0.9% additional Medicare tax or the 3.8% NIIT

Your exec comp could be subject to the 0.9% additional Medicare tax or the 3.8% NIIT

The additional Medicare tax and net investment income tax (NIIT) apply when certain income exceeds the applicable threshold: $250,000 for married filing jointly, $125,000 for married filing separately, and […]

Why you should contribute more to your 401(k) in 2015

Contributing to a traditional employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, offers many benefits:

Contributions are pretax, reducing your modified adjusted gross income (MAGI), which […]

Should you “bunch” medical expenses into 2015?

Medical expenses that aren’t reimbursable by insurance or paid through a tax-advantaged account (such as a Health Savings Account or Flexible Spending Account) may be deductible — but generally […]

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    Selling rather than trading in business vehicles can save tax

Selling rather than trading in business vehicles can save tax

Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. Thus, when […]

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    2 tax consequences to consider if you’re refinancing a home

2 tax consequences to consider if you’re refinancing a home

Now may be a great time to refinance, because mortgage rates are still low but expected to increase. Before deciding to refinance, however, here are a couple of tax […]

Should a CRT be part of your estate plan?

To benefit a charity while helping ensure your own financial future, consider a charitable remainder trust (CRT):

For a given term, the CRT pays an amount to you annually (some […]

Owning life insurance can make estate planning complicated

If you own an insurance policy on your life and want to keep the policy’s proceeds out of your taxable estate, one option is selling the policy to an […]

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    Holding joint title to property with loved ones has pitfalls

Holding joint title to property with loved ones has pitfalls

Owning assets jointly with one or more of your children or other heirs is a common estate planning “shortcut.” Two potential advantages are convenience and probate avoidance. But joint […]

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    A difficult decision: Declaring your elderly parent incapacitated

A difficult decision: Declaring your elderly parent incapacitated

When an elderly parent gradually loses control of his or her faculties, it can be difficult for children to determine whether having their parent declared incapacitated is the right […]

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    Review your fringe benefits to see what you might be missing

Review your fringe benefits to see what you might be missing

A business can offer many things as fringe benefits. So it’s a good idea to occasionally review the possibilities to see whether you might be missing something that could […]