Archive for April 2019
Late in 2018, the Internal Revenue Service announced the 2019 official estate and gift tax limits
2019 Individual Estate and Gift Tax Exemption The 2019 estate and gift tax exemption is $11.4 million per individual, up from $11.18 million in 2018. What does this mean? An individual can leave $11.4 million to heirs and pay no federal estate or gift tax while married couples will be able to shield $22.8 million. This shield…
Read MoreIndirect Roth IRA Strategy
Lincoln Perkins, CPA Mr. and Mrs. Roth want to accumulate monies in individual Roth IRA’s so they will have an income tax free source of cash during their future retirement. Unfortunately, their adjusted gross income is higher than the IRS limits and they are prohibited from making direct contributions to a Roth IRA. The…
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