Tag Archives | individual tax planning

Kiddie Tax

The Kiddie Tax and TCJA

Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of their young children or grandchildren in lower income tax brackets. To discourage such strategies, Congress created the “kiddie” tax back in 1986. Since then, this tax has gradually become more far-reaching. Now, under the Tax […]

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Green Tax Credits

Green Tax Credits

“Going green” at home — whether it’s your principal residence or a second home — can reduce your tax bill in addition to your energy bill, all while helping the environment, too. The catch is that, to reap all three benefits, you need to buy and install certain types of renewable energy equipment in the […]

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smiling married couple | spousal lifetime access trust | Dalby Wendland & Co. | CPAs | Estate Trust and Gift Tax Planning | Grand Junction CO | Glenwood Springs CO | Montrose CO

Consider a Spousal Lifetime Access Trust for Estate Planning

The most effective estate planning strategies often involve the use of irrevocable trusts. But what if you’re uncomfortable placing your assets beyond your control? What happens if your financial fortunes take a turn for the worse after you’ve irrevocably transferred a sizable portion of your wealth? If your marriage is strong, a spousal lifetime access […]

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