Personal Finance

2 Key Benefits Of Living Trusts

2 Key Benefits Of Living Trusts

With so many misconceptions around trusts, it's easy to understand the confusion about the benefits of a revocable living trust. A living trust (also called a revocable trust or revocable living trust) can be beneficial to a much broader group of Americans than most...

Estate Taxes

Estate Taxes

What are estate taxes? There are many factors that you should consider when designing an estate plan. One of the most significant is taxes. The act of giving away your property may be subject to taxes on the federal level, state level, or both. These tax liabilities...

Retirement Planning Key Numbers

Retirement Planning Key Numbers

Certain retirement plan and IRA limits are indexed for inflation each year, and 2024 saw increases in many figures. Some of the key numbers are listed below, with the corresponding limit for 2023. (The source for the 2024 numbers is IRS Notice...

Tax Incentives for Motor Vehicles

Tax Incentives for Motor Vehicles

Three federal tax credits may be available to help offset your cost to purchase certain clean vehicles (including electric, plug-in hybrid, and fuel cell vehicles).The new clean vehicle tax credit can be either a personal or a general business tax credit, depending on...