Is your goal that your family be taken care of when you are gone? And you don't want them to deal with all the complicated processes or make any difficult decisions during the period of mourning. And you need a detailed estate plan for your...
Tax & Financial Insights Newsletter - Page 5 of 14 | Private Tax Solutions
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IRS Staffing Cuts 2026 Tax Filing: Refund Delays & Risks The Internal Revenue Service is entering the 2026 tax filing season with significantly fewer staff, prompting warnings from independent watchdogs and tax professionals that refund processing, error resolution, and taxpayer assistance could slow down significantly....
Creating an annual financial plan made easy doesn’t have to be overwhelming. Breaking your money priorities into four quarterly steps helps you stay organized, reduce stress, and make steady progress toward life goals. A seasonal approach keeps your financial life on track without stress, turning...
IRS Insider Tax Filing Flags 2026: Avoid These 5 Pitfalls Filing your tax return for the 2025 year — due in early 2026 — can be smoother when you avoid common errors that trigger delays or IRS notices. A former IRS leader with decades of...
Trump Accounts 530A: New Child Investment Accounts Explained Trump accounts 530A are a new type of tax-advantaged investment account designed to help children build long-term financial security. Created through recent federal legislation, these accounts aim to introduce families to early investing while giving children a...
529 college savings plans were once used mainly for traditional college tuition, books, and housing. Today, these accounts offer far more flexibility. Understanding the new ways to use 529 plans can help families maximize tax advantages while adapting to modern education and career paths. Broader...
Starting in 2026, a major tax rule change for retirement savings affects older workers who make catch-up contributions to their employer-sponsored 401(k) plans. Under this new guidance, high-income participants must direct their catch-up contributions into Roth 401(k) accounts instead of traditional pre-tax accounts, eliminating the...
Creating a financial plan can feel overwhelming, especially when doing it alone. Fortunately, modern DIY financial planning tools now give individuals access to powerful features once reserved for professional financial planners. These tools help estimate retirement needs, project future income, analyze investments, and model different...
South Dakota has become one of the most attractive states for establishing trusts due to its highly favorable tax structure. Wealth advisers and high-net-worth individuals increasingly choose South Dakota trusts to reduce state tax exposure while maintaining long-term control over assets. These trusts are often...
A personal finance calendar helps you schedule key financial tasks and milestones throughout the year so you can stay on top of your money habits and long-term goals. Treating your financial planning as a year-long activity — instead of a one-time event — gives you...