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Tax Planning

Tax Law Changes are Likely Coming

Last  month  the  House  Ways  &  Means  Committee approved  draft  legislation  on  significant  tax  proposals  that,  if passed,  will  dramatically  change  the  tax  and  estate  planning  landscape  for  high  income  and  high  net  worth individuals  and  families.   While  it  is  likely  some  of  the  provisions  may  change,  the  core  of  the  plan  seems  to  have enough  Democrat  support  to  […]

Child Tax Credit 2021: What’s Changed?

As part of the American Rescue Plan, the child tax credit for 2021 has been significantly enhanced. This is a great way for eligible families with younger children to lower their tax bill even more than before. In my opinion, this enhancement is the IRS acknowledging money evaporates with children and giving families additional credits. […]

Third Time’s the Charm: What’s in the Third Stimulus Bill?

The pandemic and the U.S. Treasury printing presses barrel forward! The $1.9 trillion COVID-19 relief bill is expected to be signed into law on Friday March 12th marking one of the largest government aid infusions since the Great Depression. What’s in this bill and how will it affect WealthPoint clients?   Direct Checks to Individuals This […]

Tax Outlook for the Biden Administration: 2021 and Beyond

The 2020 election is finally past us, and while many people still have a lot to say on the matter, the reality is this: we have a new party in the White House and in control of Congress. Naturally, with a significant shift like this, people want to know what’s going to change and how they will […]

Estate Planning Alphabet Soup For High Net Worth Families

It looks like Joe Biden has won the White House and the Democrats have retained control of the House.  The Senate is still up for grabs and will not be known until the Georgia runoff election in January, though if current predictions hold true, the Republicans will keep control.  This is important to be aware […]
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