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Ivy Ting-Wimberly

Ivy Ting-Wimberly's Latest Posts

Avoid the Gift Tax—Use the Tuition and Medical Strategy

Avoid the Gift Tax—Use the Tuition and Medical Strategy

Use Your Business to Maximize Charitable Donations If you or a well-off relative are facing the gift and estate tax, here’s a planning opportunity often overlooked: pay tuition and medical expenses for loved ones. Such payments, structured correctly, do not represent...
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Eight Things to Know About the SECURE Act

Eight Things to Know About the SECURE Act

Eight Things to Know About the SECURE Act The Setting Every Community Up for Retirement Enhancement (SECURE) Act changed the landscape for retirement and savings planning. Here are eight important reminders about this new law: You can’t use contributions made in 2020...
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Use Your Business to Maximize Charitable Donations

Use Your Business to Maximize Charitable Donations

Use Your Business to Maximize Charitable Donations Giving to your church, school, or other 501(c)(3) charity is a noble act no matter how you choose to give. But for the purposes of tax savings, some forms of giving are much more beneficial to you than are others. As...
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Solo 401(k) Could Be Your Best Retirement Plan Option

Solo 401(k) Could Be Your Best Retirement Plan Option

Solo 401(k) Could Be YourBest Retirement Plan Option Have you procrastinated about setting up a tax-advantaged retirement plan for your small business? If the answer is yes, you are not alone. Still, this is not a good situation. You are paying income taxes that could...
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Kiddie Tax Changes

Kiddie Tax Changes

Avoiding the Kiddie Tax after Tax Reform In December 2017, Congress enacted the Tax Cuts and Jobs Act (TCJA) and changed how your children calculate their tax on their investment-type income. The TCJA changes led to much higher tax bills for many children. On December...
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