Below you'll find a list of all posts that have been tagged as “Tax Planning”
Most people believe that once the ball dropped on New Year’s Eve, their opportunity to impact their 2025 tax bill vanished. While it is true that many big-ticket items require action before December 31, there are several powerful “retroactive” moves you can make right now. At Wealthnest, we view the weeks leading up to the April 15 filing deadline as …
If you feel like the tax code just did a collective pivot, you are not wrong. With the passage of the One Big Beautiful Bill (OBBB) and new layers of SECURE 2.0 taking effect, the 2025 tax year is more than just an inflation adjustment. It is a major shift in strategy. While most people focus on the headlines, the …
What’s the Big Deal with CLARITY? Right now, the biggest headache for the industry is “regulation by enforcement.” Basically, companies are guessing whether their tokens are “securities” (regulated by the SEC) or “commodities” (regulated by the Commodity Futures Trading Commission, CFTC). The CLARITY Act aims to draw a hard line in the sand: When will it actually pass? Despite the …
The national deficit and debt service percentage are critical economic indicators that offer insights into a country’s fiscal health. As of January 2026, the challenges and opportunities around the U.S. national debt are particularly relevant, especially as interest rates and inflation data evolve. The data below highlights the dual pressures that the federal budget faces, servicing debt and fulfilling entitlements. …
Increased Standard Deduction One major change is the adjustment to the standard deduction. For tax year 2026, the standard deduction increases to $32,200 for married couples filing jointly. For single taxpayers and married individuals filing separately, this rises to $16,100, while heads of households will benefit from a standard deduction of $24,150. These increases can significantly reduce taxable income, providing …
A Health Savings Account (HSA) is a straightforward and powerful tool designed to help you save for medical expenses while also providing some fantastic tax benefits. If you’re new to HSAs, understanding how they work and their advantages can help you make smart financial choices for your health and future. What Is an HSA? An HSA is a special savings …
As the year draws to a close, now is the perfect time to take control of your financial future. Whether you’re an existing client or considering working with us, proactive tax planning can help you maximize savings and minimize surprises when tax season arrives. Why Act Now? Simple Steps You Can Take Today Review Your Income and Deductions: Assess your …
Key Tax Cuts May Be Sunsetting — Here’s How to Plan Before They Do If you’re a high-income earner or business owner, your 2025 tax year may be your last chance to take advantage of several provisions in the Tax Cuts and Jobs Act (TCJA) — unless Congress acts to extend them. Originally passed in 2017, the TCJA brought sweeping …
A Strategic Exit Isn’t Just About the Sale Price — It’s About What You Keep and What Comes Next. Selling a small business is often the culmination of years — or decades — of hard work. It’s a major milestone, both financially and emotionally. But many business owners overlook the most important part of the process: what happens after the …
Why Traditional Financial Advice Doesn’t Always Fit — And What to Do Instead When you’re an entrepreneur or small business owner, your financial life doesn’t fit neatly into the same box as a W-2 employee. You’re building something — and that comes with opportunity, risk, and a level of complexity most traditional financial planning models don’t fully address. At Wealthnest …
