The recently passed One Big Beautiful Bill Act (OBBBA) brings major updates to taxes, deductions, and savings plans. Whether you're planning your estate, saving for your children, or preparing for…
Minimizing taxes is a pivotal component of effective financial planning, especially for high-income earners. By implementing strategic approaches, you can minimize your taxable income and enhance wealth accumulation. Here are…
2025 is well underway, and at Kramer Wealth Managers, we believe it’s important to be aware of key changes that could impact your financial planning. Several tax laws introduced under…
In the latest tax bracket updates, the IRS announced an approximate 2.8% inflation adjustment for 2025 that will slightly raise income thresholds across federal tax brackets. This means that taxpayers…
https://vimeo.com/768184536 Yesterday, the IRS announced increased limits for retirement plan contributions for 2023 for both employer-sponsored plans and individual retirement accounts. Employer Sponsored Plans (401k/403b/TSP/457) The maximum increased from $20,500…
https://www.youtube.com/watch?v=PGKhUJ0LXAU Hello everyone, today’s vlog will cover the Child Tax Credit today. It is changed for 2021 only when the President signed the American Rescue Plan into law on March…
https://www.youtube.com/watch?v=7O2B70S5bCw&feature=youtu.be The Congressional Joint Committee on Taxation estimates that almost 90% of taxpayers will use the standard deduction when they file their taxes this April 15thdue to the increased standard…
http://www.youtube.com/embed/tBYQt5lg8TY Whenever you’re selling property or investments that have appreciated in value, taxes are a big consideration in the timing of the sale. Selling at the wrong time can lead…
http://www.youtube.com/embed/HqZ38_jP618 When people discover that there are ways to reduce taxes, they often assume that those ways are geared only toward high-income taxpayers. But there are tax credits available to…
https://www.youtube.com/embed/MsHqG92jAvI Many assets allow you to name a beneficiary, that is, whom you would like to receive the asset in the event of your death. Life insurance policies and retirement…
