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| Tax Planning Can Ease the Sticker Shock of Raising a Child |
Today's parents face a challenge far beyond scheduling playdates or enforcing a bedtime. Namely, how can they manage the considerable financial impact of raising a child in the current economy? We explain how claiming a variety of tax credits and using a carefully chosen tax-advantaged education savings vehicle can help.
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| Planning Is Essential if You're Inheriting Assets |
Receiving a significant inheritance can be overwhelming, particularly while coping with the loss of a loved one. This article discusses practical steps beneficiaries can take to understand the financial and tax implications of an inheritance and develop a plan for managing it.
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| Are Municipal Bonds Right for You? |
If you're in a high tax bracket, you may be interested in municipal bonds, since the interest from these investments is generally tax-free from federal tax and possibly state tax too. However, before you invest, it's important to understand the risks, as well as the potential benefit. Here are some considerations, as well as the basic tax rules.
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| The Basics of Estate Planning |
With the many changes in the estate tax in recent years, you could be confused about the need to take steps with your estate. But estate planning was never just about reducing estate taxes. It is also about ensuring that your estate is distributed according to your wishes and that your heirs are properly provided for. At a minimum, you probably need to handle these important issues.
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Todd Bacon & Associates, CPA, LLC
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655 W Lincoln, Ste. 7
Charleston, IL 61920
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admin@toddbaconcpa.com
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| 217-348-0959 |
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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