For high-income individuals, 2026 marks a shift in how tax-planning decisions should be made. While the rules governing Roth IRA conversions have not changed, the broader tax environment has. >> See How OBBBA Changes Charitable Deductions As a result, Roth conversions are no longer a simple “convert when possible” strategy. They require careful coordination with…
Tax changes represent a valuable opportunity for you to review your financial planning. Have you optimized yours? As former Senator Max Baucus once observed, “tax complexity itself is a kind of tax.” While this is the case every year, this is especially true in 2026 as many significant tax policy changes create new tax and…
Tax changes have implications and it’s a good idea to get an early start on tax planning for 2023. Understanding some of the new rules can help you as you go through the year. Here are some of the major tax changes for 2023. Beneficial 2023 Tax Items First, there are some beneficial tax items…
