In my recent client conversations, one concern rises above all others: "How do I protect my finances with rising inflation and potential tariffs?" It's a valid worry—we're all feeling the impact at grocery stores, gas pumps, and beyond.
Every Year, the IRS evaluates and typically adjusts certain tax provisions to account for inflation. Below is the IRS's latest adjustments for the 2024 tax year-including tax brackets and standard deductions
When you sell your home, you may be liable for capital gains tax if it has appreciated in value over your ownership period.
Tax-loss harvesting means taking capital losses (selling securities for less than what you initially paid for them) to offset any capital gains you may have.