Legislation moving through Congress this fall would sharply reduce the current estate-tax exemption amounts and create several other changes. Here’s why—and how—you should act quickly to stay prepared. Estate taxes have usually affected only the very wealthy at death. While the limits on the monetary value that a decedent can exempt from estate taxes routinely […]

Preparing for the Impact of President Biden’s Tax Plan on Estate Planning

Article Highlights: Benefits Eligible Taxpayers Rules for Students, Dependents of Others and Individuals Under the Age of 18 Due Date for Contributions Low- and moderate-income workers can take steps to save for retirement and earn a special tax credit. The saver’s credit, also called the retirement savings credit, helps offset part of the first $2,000 […]

Saver’s Credit Can Help You Save for Retirement