Tax Planning
News, insights and expert analysis on tax planning from the team at Kiplinger.
Latest
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A Financial Planner Answers 10 Common Gift Tax Questionstaxes Generous gifts can have tax consequences, but in general, only very wealthy people need to worry about gift taxes. Still, there could be IRS paperwork involved.
By David Jaeger, CFP®
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How to Slash Your Taxes on Large Stock or Property SalesSelling a major asset can result in huge capital gains taxes, but combining direct indexing with tax-loss harvesting can significantly reduce your tax bill.
By Danielle Meister, IAR, CFF®, CDFA®
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Want to Divorce the IRS? This is How to Go About It (Legally)With some careful planning focused on the standard deduction, retirees who have large sums in tax-deferred accounts can avoid unpleasant tax bills and even part ways with the IRS for good.
By Joe F. Schmitz Jr., CFP®, ChFC®, CKA®
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9 Ways the Wealthy Waste Thousands in Taxes — And 9 RemediesThe tax code contains plenty of legitimate ways for the wealthy and business owners to cut taxes. Use this checklist to minimize taxes and stay compliant.
By Travis Babb, CFP®, EA
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How to Use Qualified Opportunity Funds for Tax-Free SavingsInvestors who combine Roth IRAs, the gold standard of tax-free savings, with qualified opportunity funds could enjoy decades of tax-free growth.
By Michael Kelley
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How to Use 1031 Exchanges to Build Your Real Estate EmpireSmall rental properties can be excellent investments, but you can use 1031 exchanges to transition to commercial real estate for bigger wealth-building.
By Daniel Goodwin
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4 Pro Tips for Successfully Scaling the Medicare MountainAttempting to conquer Medicare without a plan is risky. The safest route requires a thorough understanding of your options and never leaves decisions to chance.
By Cathy DeWitt Dunn, CDFA®, FRC®
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Why Charitable Remainder Trusts Team With Donor-Advised FundsIf a charitable remainder trust puts too many constraints on your family's charitable giving, consider combining it with a donor-advised fund for more control.
By Mark Marrazzo
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The Illinois 'Cliff Tax': How a Single Dollar Can Push You OverIllinois' estate tax "threshold" (rather than "exemption") can surprise families, but proactive planning can help preserve more for heirs and charitable causes.
By Scott Tucker, Investment Adviser Representative
