Select Page
Posted by Henry Grix | Aug 27, 2020 | Estate Planning, IRS, Tax, Taxation
The IRS this week issued Information Release 2020-187 to remind IRA owners and beneficiaries, as well as participants in workplace retirement arrangements, that they have until August 31 to return required minimum distributions...
Read MorePosted by Henry Grix | Oct 21, 2019 | Charitable Giving, Tax, Taxation, Uncategorized
Lifetime charitable giving, properly planned, may afford income tax savings. Under current federal income tax law, the income tax charitable deduction is available to taxpayers who itemize deductions rather than take the...
Read MorePosted by Henry Grix | Feb 4, 2019 | IRS, Tax, Tax Cuts and Jobs Act, Taxation
The 2017 Tax Cuts and Jobs Act raised the amount that can be sheltered from federal estate tax in 2019 to $11.4 million for an individual and double that amount, or $22.8 million, for a married couple. Why undertake any estate...
Read MorePosted by Henry Grix | Oct 22, 2018 | Estate Planning, Henry Grix
If you have a qualified retirement plan or Individual Retirement Account (“IRA”), be sure to verify two things: Have you designated the primary and contingent beneficiary or beneficiaries who will receive any remaining...
Read MorePosted by Henry Grix | Feb 5, 2018 | Henry Grix, Tax, Tax Cuts and Jobs Act, Taxation
The recently enacted Tax Cuts and Jobs Act makes it possible to set aside funds that can both accumulate and be withdrawn tax-free to pay for tuition at public, private or religious elementary and secondary schools—at least at...
Read More