Financial Advisor Insights

IRS Sets New Limits for 2017

The IRS has released the 2017 contribution limits and other guidelines in preparation for the New Year. Although many of the most common thresholds are unchanged, there are some to make note of.

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Is an Inheritance Taxable?

by Kristin McKenna, CFP® on August 03, 2016 in tax planning, Inheritance

If you are about to receive an inheritance, you likely have some unanswered questions about the process and how an inheritance is taxed. This quick reference guide can help you get started in […]

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Tax Planning Strategies for Incentive Stock Options (ISOs)

Develop a tax planning strategy before exercising your ISOs. Commonly referred to as equity-based compensation, the term “stock options” can mean an individual is given equity – or given the option […]

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Explaining the Marriage Tax Penalty

Although married couples are given certain tax and estate planning benefits not available to unmarried individuals, it isn’t all good news. Many high-earning couples find that their marginal tax rate […]

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Is Airbnb Rental Income Tax-free?

Some Airbnb income may be exempt from federal tax, but that may not apply to state and local taxes. Although tempting, hosts looking to subsidize a vacation by renting a home while traveling need to […]

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5 Year-End Tax Planning Tips

With so much to do in the last four weeks of the year, it can be difficult to find time to do a little year-end tax planning. As you prioritize your to-do list, keep in mind that nearly all of the […]

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HSA vs. FSA: What’s the Difference?

Updated for 2019. A health savings account (HSA) and flexible spending account (FSA) may be offered to you through your employer. While these accounts can provide significant tax savings for those […]

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