At a Glance Trump Accounts are tax-deferred investment accounts designed to help families save and invest for children over the long term. They became available in July 2026 and may…
Archives for November 2026
New Federal Excise Tax on Certain Remittance Transfers
At a Glance Beginning January 1, 2026, certain money transfers sent from the United States to recipients in foreign countries may be subject to a new 1% federal excise tax….
Tax Deduction for Seniors
At a Glance Beginning with tax year 2025, eligible taxpayers age 65 or older may claim an additional $6,000 tax deduction. Married couples filing jointly may claim up to $12,000…
State and Local Tax Planning Opportunities
At a Glance State and local tax planning opportunities may be available through pass-through entity tax elections and the increased state and local tax deduction cap. Pass-through entity tax elections…
Qualified Opportunity Zones: Changes and Planning Considerations
At a Glance Qualified Opportunity Zones are economically distressed communities designated to encourage private, long-term investment and economic development. Investors may defer eligible gains by reinvesting them in a Qualified…
