Wealth Management Center
Preserving and enhancing wealth for the future with financial-planning experts Bill Cass and Chris Hennessey
April 18, 2018
With an average tax refund of nearly $3,000 to use this year, many investors may want guidance on how to allocate these assets.
ADVISOR-ONLY WEBCAST SERIES
February 7, 2018
Tax reform and strategies for 2018
William D. Cass, CFP®, Director Wealth Management Programs at Putnam
Christopher P. Hennessey, Lawyer, CPA, Member, Putnam Business Advisory Group
Paul M. Drury, CFA, Portfolio Manager
Strategies to maximize the new 20% deduction for small businesses
Small business owners may consider several strategies to maximize the use of the new 20% deduction introduced by tax reform.
Three ways to try to save on taxes before the filing deadline
With the April 17, 2018 tax filing deadline approaching, it’s not too late to consider some strategies that could reduce taxable income.
Home equity loan interest may still be deductible under tax law
The Internal Revenue Service recently confirmed that home equity loan interest (HELOC) may still be deductible under the new tax reform law.
Impact of tax reform on state taxes is unclear
In addition to limits on deductions, tax reform may have a major impact on states that tie their tax system to some elements of the federal tax system.
Enhanced tax credits may balance lost exemption in tax reform
An increase in the child tax credit may help families realize a tax advantage even as the personal exemption is lost.
Tax reform drives change in planning
Individual taxpayers may consider changing their planning strategies due to the shifting tax landscape under the tax reform law.
Companies see significant tax cut in new law
Corporations may receive a significant tax cut under the tax reform law, which includes a reduced flat tax rate and new rules around deductions.
Tax reform limits scope of estate tax
Fewer estates will be subject to the federal estate tax under the new tax law, but estate planning is still important for investors.
Deductions shift significantly with tax reform
Taxpayers may find some provisions of tax reform more complex as deductions shift significantly under the new law.
Understanding the new small business tax deduction
Tax reform legislation introduced a new tax deduction for small businesses that are structured as pass-through entities.
Charitable giving strategies for the new tax landscape
Investors are considering which charitable giving strategy to use if they are not itemizing deductions under the new tax law.
Key tax figures for 2018
The tax rate schedule, recently released by the Internal Revenue Service, includes key tax figures investors will need for financial planning.
Understanding tax reform is critical for financial planning
The potential for tax cuts to expire creates a challenge for financial planning and it is critical for investors to understand the new tax reform law.
What is changing in Social Security in 2018?
An increase in inflation is resulting in a cost-of-living increase in Social Security benefits in 2018, as well as adjustments to tax-exempt earning levels.
Saving for a rainy day is a priority for many in 2018
Some investors start the new year with resolutions to improve their financial situation, and many include an emergency — or rainy day – fund for unexpected expenses.
Senate and House agree on final tax bill
A House and Senate conference committee agreed on a final tax bill that is expected to pass this week.
Three year-end planning reminders for investors
Despite the ongoing tax reform debate and potential for change, there are some key year-end planning considerations and deadlines that remain for 2017.
Tax reform clears another hurdle
A House-Senate conference committee will need to iron out the differences following Senate passage of a tax reform bill that differs from the House version.
Potential changes to deductions make tax planning critical
The current tax reform debate in Washington makes tax planning critical as year end approaches.
Senate tax plan reveals big differences from House proposal
The Senate revealed its tax plan last week, which differs significantly from the House version.
Gifting strategy may provide tax advantage for some seniors
Seniors age 70½ and older may benefit from a unique provision of individual retirement accounts (IRAs) when considering gifting strategies.
Tax rates lowered, deductions limited in tax law
The tax reform law lowers tax rates and imposes new limits on many deductions.
Many deductions changed in new tax law
The standard deduction doubles while some popular tax deductions are limited or eliminated by tax reform.
Estate planning remains vital
Despite higher exclusion levels for federal estate taxes, estate planning remains vital for taxpayers.
Corporate tax cuts slated for 2018
Corporations will have lower tax rates and new rules for expensing resulting from tax reform.
Tax reform creates new deduction for small businesses
Understanding the new 20% deduction for business income is key for small business owners.
New tax law influences individual planning
Individuals may consider various strategies for charitable giving and financial planning in the new tax environment.
$30T in wealth transfer creates opportunity
Advisors may consider expanding their value proposition and professional network to grow their business.
Top strategies for advisors when heirs inherit wealth
Learning about an investor's family can help advisors connect with the next generation.
Social strategies for meeting the next generation
Start with social media and expand to social events to reach out to the next generation of clients.
Use family meetings for more effective wealth transfer
Hosting a family meeting can help investors and their children focus on values, planning issues, and philanthropy.
College savings plans offer tax advantages
Explore tax-advantaged savings when planning for college.
Chris Hennessey is Professor Emeritus of Law at the Babson College School of Executive Education and member of the Putnam Investments Business Advisory Group. His opinions do not necessarily reflect those of Putnam Investments.