Category: Uncategorized

ABLE (Achieving a Better Life Experience) accounts are tax-advantaged accounts that enable Americans with significant disabilities to save or invest for the future without jeopardizing eligibility for public benefits. As of January 1, 2026, eligibility has expanded to include individuals whose disability began before age 46 (previously, the disability must have begun before age 26). […]

Most Recent Amendments for ALL IRA types are available here.

On December 2, 2025, the IRS issued Notice 2025-68 to provide a general overview of how Trump Accounts will work, and to address initial questions about eligible investments, distributions, reporting, and coordination with the rules applicable to other types of Individual Retirement Accounts. Key Rules Trump Accounts may be established in 2026, using IRS Form […]

At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses while at the same time looking after the needs of your aging parents. Squeezed in the middle, you’ve joined the […]

Alternative Minimum Tax (AMT) 2024 2025 Maximum AMT exemption amount $133,300 (MFJ), $85,700 (Single/HOH), $66,650 (MFS) $137,000 (MFJ), $88,100 (Single/HOH), $68,500 (MFS) Exemption phaseout threshold $1,218,700 (MFJ), $609,350 (Single/HOH/MFS) $1,252,700 (MFJ), $626,350 (Single/HOH/MFS) 26% rate applies to AMT income (AMTI) at or below this amount (28% rate applies to AMTI above this amount) $232,600 (MFJ/Single/HOH), […]

This chart shows the monthly expenses facing young adults ages 25 to 34 in the U.S. who move out of their parents’ home and the percentage each expense consumes based on a typical income for people in this age group. Rent devours paychecks, and transportation and student debt compound costs Moving out can be a […]

College graduates looking to join the workforce this year encountered the most discouraging labor market in recent memory. The class of 2025 saw the number of job postings on Handshake (a career platform used to recruit college graduates) decline 15% from the previous year. The number of applications per job increased by 30%.1 The Federal […]

Beginning in 2025, seniors can take advantage of a new $6,000 tax deduction that may help them cover the rising costs of housing, health care, and daily living by potentially allowing more of their income to remain untaxed. The deduction, part of the One Big Beautiful Bill Act (OBBBA) enacted in July 2025, will be […]

The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, includes multiple provisions that affect higher education. Key changes include new borrowing limits for students and parents under federal loan programs, streamlined student loan repayment plans, stricter rules on the ability of borrowers to pause student loan repayment, the promotion of workforce […]

With the enactment of the One Big Beautiful Bill Act in July 2025, Congress introduced a new class of tax-advantaged savings vehicles for minors known as Trump accounts. Here’s a breakdown of the key features. What are they? Trump accounts are custodial savings and investment accounts that can be established for U.S. children under age […]