Tax Planning for Income
1. Postpone your income to minimize your current income tax liability By deferring (postponing) income to a later year, you may be able to minimize
February 2, 2021
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1. Postpone your income to minimize your current income tax liability By deferring (postponing) income to a later year, you may be able to minimize
IMPORTANT DISCLOSURES Dightman Capital does not provide tax or legal recommendations. The information presented here is not specific to any individual’s personal circumstances. To the extent that
New research suggests that retirees could make larger initial withdrawals, particularly in a low-inflation environment. Saving for retirement is not easy, but using your retirement
It’s nice to own stocks, bonds, and other investments. Nice, that is, until it’s time to fill out your federal income tax return. At that
The $900 billion emergency relief package represents a bipartisan effort to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis On
When lockdowns and social distancing measures were put in place, many consumers were compelled to try online shopping and other digital services for the first
A Little Holiday Jingle IMPORTANT DISCLOSURES Dightman Capital does not provide tax or legal recommendations. The information presented here is not specific to any individual’s personal circumstances.
Here are some things to consider as you weigh potential tax moves between now and the end of the year. 1. Defer income to next
The Tax Cuts and Jobs Act doubled the gift and estate tax basic exclusion amount and the GST exemption to $11.18 million in 2018
Two Important Fed Policy Shifts. What you need to know. IMPORTANT DISCLOSURES Dightman Capital does not provide tax or legal recommendations. The information presented here is not
Many IRA and retirement plan limits are indexed for inflation each year. While some of the limits remain unchanged for 2021, other key numbers have
Tax rates on long-term capital gains and dividends, additional Medicare contribution tax on unearned income. IMPORTANT DISCLOSURES Dightman Capital does not provide tax or legal recommendations. The
Elective deferral limits, IRA contribution limits, additional “catch-up” limits, traditional deductible IRA and Roth IRA compensation limits, and more. IMPORTANT DISCLOSURES Dightman Capital does not provide tax
Social Security, Medicare, and Medicaid. IMPORTANT DISCLOSURES Dightman Capital does not provide tax or legal recommendations. The information presented here is not specific to any individual’s personal
Annual gift tax exclusion, estate tax applicable exclusion amount, gift tax applicable exclusion amount, GSTT exemption, and more. IMPORTANT DISCLOSURES Dightman Capital does not provide tax or
Eligible long-term care premium deduction limits, Archer Medical Savings Accounts, and Health Savings Accounts (HSAs). IMPORTANT DISCLOSURES Dightman Capital does not provide tax or legal recommendations. The
Coverdell education savings account limits, education loan interest deduction limits, American Opportunity and Lifetime Learning Credits, and more. IMPORTANT DISCLOSURES Dightman Capital does not provide tax or
Earnings subject to FICA taxes, Section 179 expensing, standard mileage rate, and more. IMPORTANT DISCLOSURES Dightman Capital does not provide tax or legal recommendations. The information presented
Tax rates for all filing statuses. IMPORTANT DISCLOSURES Dightman Capital does not provide tax or legal recommendations. The information presented here is not specific to any individual’s
Alternative Minimum Tax (AMT), child tax credit, earned income tax credit, itemized deductions, kiddie tax, personal exemptions, and more. IMPORTANT DISCLOSURES Dightman Capital does not provide tax
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