Planning Pulse

This Tax Credit Is Now A Cash Refund Starting In July

BY Ed Jastrem IN Planning Pulse
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Last week the IRS announced plans to move forward with direct cash payments to taxpayers eligible for the child tax credit. Payments will start in July and run through December of this year. The IRS estimates that about 39 million households and 88% of children in the U.S. will be eligible for the credit. But …

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Are My Taxes Going Up?

BY Ed Jastrem IN Planning Pulse
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The President formally introduced the American Families Plan to Congress and the public on April 28th. The plan summarizes a host of policy initiatives and tax reform goals. We expect that debate and compromise may lead to modifications of the proposal. In fact, the notes released by the White House already deviate from some expectations. …

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What Might Happen Next with Taxes….And a Few Reminders

BY Ed Jastrem IN Planning Pulse
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With the passage and signing of ARPA (American Rescue Plan Act), DC is now turning its attention to future spending plans and how to pay for stimulus. Said another way, we are watching closely for what could be an increase in taxes. [Check out our recent discussion on the potential tax changes under a Biden …

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What the Georgia Senate Races Mean for your Wealth

BY Kristin Castner, CFA IN Planning Pulse
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Today voters in Georgia take on the task of deciding control of the U.S. Senate by casting votes for two runoff elections in the state. The outcome of these elections could have implications for your wealth, so let’s take a look at the potential outcomes. What Happens If… REPUBLICANS TAKE TWO SEATS? Republicans maintain a …

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Additional COVID-19 Relief: What You Need To Know

BY Ed Jastrem IN Planning Pulse
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This past Sunday evening, President Trump signed a combined coronavirus relief and government funding bill that includes $900 billion in COVID-19 aid. Here’s a brief overview of the new legislation for Individuals and Businesses: Additional Direct Payments to Individuals As currently written, stimulus payments are $600 per person ($1,200 per couple) including an additional $600 …

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Can You Benefit from Stepping Up Your Year-End Gifting Strategy?

BY Ed Jastrem IN Planning Pulse
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Gifting, whether to family, friends, or charities, always picks up around the holidays. December is also when people start thinking about next year’s tax bill, and ideas for minimizing it. This year, many serious investors are wondering if the November Presidential election is just another reason for stepping up their gifting strategy. Why? Because the …

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