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Episodes by Topic: taxes
BEST OF TALKING MONEY: Want to save taxes, make a charitable gift, and still get income for life?
Special guest and Blue Trust client for nearly 30 years, Mary Kraus, shares her personal story. As a PhD. and professor of American Literature as well as a former Nun, Mary has some great stories to tell. Listen and learn how we helped Mary save taxes, make gifts and create lifetime income.
Listen to the EpisodeWant to save taxes, make a charitable gift, and still get income for life?
Special guest and Ronald Blue Trust client for nearly 30 years, Mary Kraus, shares her personal story. As a PhD. and professor of American Literature as well as a former Nun, Mary has some great stories to tell. Listen and learn how we helped Mary save taxes, make gifts and create lifetime income.
Listen to the EpisodeTax saving opportunities for last year (2022) and this year!
There are steps you can take before April 18th to lower taxes for 2022. Mike discusses the contribution rules for IRAs, HSAs, and 529 plans. Plus, how to calculate the basis of any mutual fund shares you sell so you don’t pay taxes on the same income TWICE! Mike wraps it up with more tax planning tips for this year too: 0% long-term capital gains, bunching deductions, back door Roth IRAs, etc.
Listen to the EpisodeCOVID Tax Relief Information
Alan Cox, CPA, CKA, Director of Estate/Trust Planning and Estate Settlement at Ronald Blue Trust joins Mike to discuss some of the ins and outs of the latest Coronavirus relief package.
- modifications to charitable contribution limitations, including above the line deductions for non-itemizers
- relief checks and their calculations: information on how you can figure out how much you may be getting!
- difference between Adjusted Gross Income and Taxable Income
- expansion of the paycheck protection loans
- deductibility of business meals
- IRA conversion considerations
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Plan Ahead Tax Strategies
Is there anything you can be doing now to save some on your taxes when you file next year? Why is it important to look at these strategies?
Mike is joined by Justin Meade, CFP®, CRPC®, CKA®, to discuss some strategies you may want to consider at the end of the year to maximize your deductions on your tax return. They answer questions like:
- What is your marginal tax bracket. and why is it important?
- How does knowing your adjusted gross income (AGI) play into your tax strategy?
- How does “bunching deductions” work?
- What are some advantages of giving through a Donor Advised Fund?
- Are long term care premiums or assisted living expenses deductible?
- What about property taxes or SALT (state and local tax)?
They also discuss how the election results may or may not affect your tax planning strategies, the pros and cons of a ROTH conversion, Qualified Charitable Distributions (QCDs), and capital gains.
Click here to read the article Justin recently wrote on this subject!
Listen to the EpisodePersonal Residence Sale and Income Tax
Did you know you may owe income tax on the sale of your home? What are the IRS rules surrounding this tax?
Eddie Holland, CFP®, CPA, CKA®, joins Mike to discuss this tax planning strategy.
Listen to the EpisodeSocial Security and Medicare Strategies, Part 2
Eddie Holland, CPA, CFP®, CKA® , Social Security expert, joins Mike to discuss some Social Security claiming strategies as well as Medicare premium and tax strategies. Part 2
Listen to the EpisodeAll I want for Christmas is . . . a TAX BILL?
All I want for Christmas is . . . a TAX BILL? Alan Cox, CPA, Director of Estate/Trust Planning and Estate Settlement joins Mike to discuss the brand new SECURE Act. Everyone who has an IRA needs to hear this!!
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