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Year End Tax Planning Opportunities 2025
This week we kicked off the year-end tax planning season with a webinar highlighting some of our key strategies for 2025. Since the “One Big Beautiful Budget Bill” or “OBBBA” passed in July, there is little uncertainty over tax law. Also, the “OBBBA” was generally favorable for taxpayers, making the existing tax brackets permanent and creating a few new tax breaks such as the senior deduction. As a result, most taxpayers will have a lower tax bill in 2025 when compared to
Steve Coker, CFP
Oct 242 min read
2026 Tax Brackets Announced
One of the best tax planning ideas that we give our clients is “make good use of the tax brackets”. If your income is abnormally high...
Steve Coker, CFP
Oct 101 min read
Tax Changes
On July 4 th , 2025, Congress signed into law the “One Big Beautiful Bill Act” or “OBBBA”, bringing several significant changes to the...
Steve Coker, CFP
Jul 122 min read
Avoiding taxable gains when selling your home
It is a common problem. You have owned your home for many years and now you would like to sell the home. The good news is that the home...
Steve Coker, CFP
Mar 144 min read
Qualified Charitable Donations
Qualified Charitable Distributions (“QCD”) allow eligible IRA owners aged 70.5 or older to make up to $100,000 in tax-free gifts to...
Steve Coker, CFP
Feb 83 min read
1099-R Basics for Tax Time
It is tax time, and your mailbox is likely stuffed with envelopes with the words “Important Tax Information Enclosed” written on the...
Steve Coker, CFP
Feb 23 min read
Big Social Security Changes – WEP and GPO Repealed
I did not think that it would ever happen! After years of lobbying the “Social Security Fairness Act” was passed at the end of December,...
Steve Coker, CFP
Jan 172 min read
Updated Retirement Plan Contribution Limits 2025
The IRS has published the 2025 contribution limits for your 401k, IRA, and other retirement plans. Now is a great time to review your...
Steve Coker, CFP
Jan 121 min read
Year End Tax Planning Opportunities 2024
It is time to start year-end tax planning! It is hard to believe that 2024 is already coming to a close. With the elections less than two...
Steve Coker, CFP
Oct 25, 20242 min read
Tax Cuts Expiring
The Tax Cuts and Jobs Act (“TCJA”), originally passed in 2017, was one of the most significant tax cuts in U.S. history. It reduced...
Steve Coker, CFP
Apr 26, 20242 min read
Tax Tips: The IRA
It is tax time and many of us will be heading to our local CPA or wrestling with Turbo Tax to complete our tax returns before the April...
Steve Coker, CFP
Feb 18, 20243 min read
Updated Retirement Plan Contribution Limits 2024
The IRS has published the 2024 contribution limits for your 401k, IRA, and other retirement plans. Now is a great time to review your...
Steve Coker, CFP
Jan 21, 20241 min read
Understanding RMD’s
Required Minimum Distributions or “RMD’s” are the minimum amount that must be withdrawn from pre-tax, tax-deferred retirement accounts,...
Steve Coker, CFP
Nov 10, 20234 min read
Year End Tax Planning for 2023
We have a divided government and an imminent presidential election. As a result, no significant tax legislation has been passed in 2023,...
Steve Coker, CFP
Oct 28, 20232 min read
Americans are moving to low-tax states
If you live in California like me, it is probably no surprise to hear that people are leaving the state. It seems like every month a...
Steve Coker, CFP
Apr 1, 20232 min read
How do tax brackets work?
What tax bracket are you in? What is your effective tax rate? How much more will you pay in taxes if your income goes up? These are...
Steve Coker, CFP
Mar 24, 20232 min read
RMD Age Changing to 73
The beginning age for retirement plan Required Minimum Distributions (“RMD’s”) is changing once again! Required Minnimum Distributions...
Steve Coker, CFP
Jan 20, 20231 min read
Updated Retirement Plan Contribution Limits 2023
The IRS has published the 2023 contribution limits for your 401k, IRA, and other retirement plans. Now is a great time to review your...
Steve Coker, CFP
Jan 15, 20231 min read
Year End Tax Planning for 2022
The Mid-term election is behind us, and we appear to have a divided government with a Republican majority in the House and democrat...
Steve Coker, CFP
Nov 18, 20222 min read
Tax Loss Harvesting
This has been a tough year for many investors, but investments in negative territory may still do some good. You may be able to lower...
Steve Coker, CFP
Oct 28, 20222 min read
