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retirement


The new year brings with it some tax changes from the IRS, but far fewer than we saw with the Tax Cuts and Jobs Act of 2017, say tax advisors. From higher education credits to contribution limits and income caps for retirement accounts, and exemptions from gift and estate taxes, there are some subtle differences[…]

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The $2 trillion federal stimulus package is intended to help American families and businesses, both large and small, as they struggle to survive economically during the COVID-19 pandemic that has already killed tens of thousands around the world. The legislation is the largest economic rescue in modern American history and will impact millions of people[…]

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For years, taxpayers, and in particular, wealthy taxpayers, have sought to reduce their tax burden by establishing residency in states with lower tax rates.  Florida is a favorite destination because it has no state income tax. Financial experts warn that the process is more challenging than it appears, however.  While you can have more than[…]

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For small business owners, planning for succession of the business is often overlooked. Whether it’s simply an oversight or being too busy to seriously consider how the business will continue upon your retirement or a more unexpected life experience, planning for who will take over will help ensure that people you choose will assume ownership[…]

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Whether or not your pension is taxed depends on the type of pension—years of service or disability—and the type of tax—federal, state, or social security. The Federal Government and Military Retirement Pay If you’ve spent twenty or more years in military service, you’re entitled to a military pension upon retirement. The federal government considers this[…]

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