The SECURE 2.0 Act, was similarly enacted at year-end on December 29th, 2022. The legislation seeks to reform how Americans prepare for retirement while juggling current spending needs. Following is an overview of its key components.

On August 24th, the Biden administration announced their plan to provide student loan relief through an executive order. According to the Federal Reserve, there is about $1.75 trillion in outstanding student loans, and it is estimated that one in seven Americans are borrowers. Here we provide a summary of the provisions and eligibilities included in the plan

Yet another tax proposal has been released as the House struggles to reach a compromise amidst Biden's economic agenda. Here are some updates from the newest proposal including: income taxes, capital gains, estate taxes, Roth conversions, and more.

On September 13, 2021, the House Ways and Means Committee released its tax plan. This is from the Committee and must still go before the entire House, and the Senate has yet to develop its own proposal. Still, the current Committee language does much to solidify the Administration’s position on estate taxes and estate planning strategies.

The SECURE Act was signed into law in late December and made many changes to rules around retirement plans and other investment arenas. Almost all investors are impacted, so it is good to see what is inside.

The proposed charitable deduction tax reform would reduce the percentage of American taxpayers who itemize and take the charitable deduction from 25% to 5%. This could cost the nonprofit sector billions in lost revenue.