Biden Tax Proposal

The Biden Administration has proposed an increase in the capital gains tax rate and the elimination of the Step-Up in Basis Law. Do you know how it might affect your financial plan?  Proposed Changes in the Capital Gains Tax Rate  What is a capital gain?  Profit earned on the sale of an asset is considered…

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Year-End Deadlines: Tax Planning

There are a few tax planning items that have year-end deadlines. Your advisor has likely discussed these items with you throughout the year, but we want you to be aware of these year-end tax planning opportunities: 1. Roth Conversions – if you want to convert from a Traditional IRA to a Roth and have it…

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Election and the Stock Market Part 9: When the Polls are Wrong

2020 – It’s been a crazy year, to say the least, and on top of everything….it’s an election year! We know this can be a little tough on the nerves so this month Scott is here to talk about the election and the stock market. Scott Rinehart, CPA, helps answer the following in Part 9 of October’s series: •…

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