Financial Planning

As 2020 draws to a close and a new year dawns, we need to think of…tax planning! Some years Congress tweaks the laws more than other years. While 2020 held plenty of surprises with coronavirus and an election, it was a relatively quiet year for legislative changes. Still, even in a quiet year, some things change due to inflation increases, etc.Estate Tax PlanningApplicable Exclusion rises from $11.58 million in 2020 to $11.7 million in 2021.GST Exemption rises from $11.58 million in 2020 … [Read more...] about Tax Planning for 2021