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Income Tax Planning

Nov 20, 2018

Income Tax – the “Other” Tax in Estate Planning

Many people are aware of the increased federal estate tax exemptions (approximately $11.2 million plus a COLA adjustment for a decedent dying in 2018 through December 31, 2025 and then reverting to $5.0 plus COLA) along with the elimination of New Jersey estate tax (but not its Inheritance tax which remains in effect). » Read More

Dec 20, 2017

Tax-Saving Strategies for Everyone Before December 31, 2017

The Tax Cuts and Jobs Act is expected to be signed into law today…. let’s see – and, of course, we will update you accordingly.

Generally speaking, income tax rates will be lower in 2018 than they are in 2017.

Additionally, less people will itemize deductions in 2018. » Read More