Curated Insights

Tax Planning

News and information to help improve your Four Capitals
the approach
Tax Planning

Use Tax-loss Harvesting to Offset Capital Gains

While conventional wisdom often states that investments will grow over time, that isn’t always the case. Fortunately, when an investment’s return is down, there is potential for harvesting tax losses. Tax-loss harvesting may reduce your annual income tax liability. What is tax-loss harvesting? Tax-loss harvesting is done by selling a security that has a fair

Posted By Alyssa Yocom
September 14, 2022
Estate Planning

Is there a silver lining to 2022’s market volatility?

Domestic equity markets experienced their worst first half of a year since 1970 when the markets closed on June 30, 20221. The S&P 500, as an example, was down 21 percent the first half of this year. Additionally, the bond market has experienced volatility largely due to rising interest rates. Many investors understand that market

Posted By Alyssa Yocom
July 6, 2022
Financial Planning

Health Savings Accounts (HSAs) – 2022 Limits

A Health Savings Account (HSA) is a tax-advantaged medical savings account available to individuals who are enrolled in high-deductible health plans. HSAs have three main tax advantages.

Posted By Alyssa Yocom
July 5, 2022
Tax Planning

Qualified Charitable Distributions

A Qualified Charitable Distribution (QCD) is a helpful tax-planning tool for those who are charitably inclined. It is a charitable donation from an Individual Retirement Account (IRA).

Posted By Alyssa Yocom
January 27, 2022
Estate Planning

Estate and Gift Tax Limits for 2022

The IRS has announced that in 2022, the estate and gift tax exemption will be increased to $12,060,000 per individual, up from $11.7 million in 2021.

Posted By Alyssa Yocom
January 18, 2022
Tax Planning

Medical Expense Tax Deduction for 2022

The IRS allows individuals to deduct qualified medical expenses that exceeded 7.5% of their adjusted gross income (AGI).

Posted By Alyssa Yocom
January 14, 2022