Tax Efficiency: Your Ultimate Guide to Tax Deductions

Tax Efficiency: Your Ultimate Guide to Tax Deductions

Written by: Brian Martin, Wealth Manager Being “tax efficient” looks a little different for everyone. That said, there are always methods to ensure that you save on your taxes and get the most out of available deductions. In essence, being tax efficient simply means that you are aware of tax laws and know how to…

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How Do Charitable Tax Deductions Work?

girl volunteering

Written by: David Elder, Wealth Manager & Partner It is a question that millions of giving Americans ask around tax season. Fortunately, donating to charities and getting a tax write-off for it is not as complicated as it seems. That said, there are a few important rules you should know before filling out your taxes.…

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8 Year-End Financial Planning Tips

financial planning

Decisions are best made with a little time for reflection, good information, and advice from experienced professionals and those with opinions you value. These final weeks of the year are a perfect time to take stock of your financial plan and make adjustments, as necessary, before the rush of the holidays and tax-filing deadlines next…

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Finish the Year Financially Strong

Client On-Demand Webinar

Recorded by: Kay Lynn Mayhue, President | David Elder, Wealth Manager | Emily Boothroyd, Wealth Manager | Andy Lubben, Regional Director | Joy Kirsch, Founder of TruWealth for Widows | Caleb Tucker, Director of Portfolio Strategy On behalf of the entire Merit Family, we wish you a wonderful and blessed Thanksgiving and a peaceful start…

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The Ultimate Guide to 529 Plans

Woman writing

If you use a 529 Plan savings account, then you probably already know how useful it can be when saving for your child’s education. A 529 Plan does not only allow for ample contributions and growth; it also allows for tax-exempt withdrawals. However, you will have to make sure that these withdrawals are used for…

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President Biden’s Estate Tax and Capital Gains Tax Proposals

When President Biden revealed his latest tax proposals, he was, in many ways, picking the baton back up from his days as Vice President. In a 2015 State of the Union Address, President Obama discussed ending the “trust fund loophole,” as well as other issues related to estate planning and IRS inheritance tax rules. Although…

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Retirement and Inheritance Fund Planning

Written By: Carly Hensley, CFS® No matter how old children get, parents will always see them as their little kids. They have years of memories of helping them get through life by offering guidance and supporting them emotionally and financially. Even when parents reach retirement age, they’re still focused on helping their children where they…

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Should You Join the Second-Home Club?

should you join the second home club

The image of owning a second home holds plenty of allure. The idea of having a retirement getaway, a gathering spot for the whole family, or a rental income generator – and maybe all three – has lots of Americans taking the second-home plunge. Indeed, according to the National Association of Home Builder, the total…

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Important Tax Questions to Ask Your Advisor for 2020

Written By: Scott Meyer While tax season can prompt many questions related to tax code specifics or the filing process, it can also present opportunities on the financial planning front. According to Scott Meyer one of our Advisors here at Merit, “Many basic tax questions, such as ‘should I take the standard deduction or the…

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Important Considerations for the 2020 Tax Year

Tax season

Written By: Scott Crowe The COVID-19 pandemic has brought changes to the tax landscape for the second consecutive year, as legislation surrounding stimulus beginning with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), and continuing with the recently passed American Rescue Plan Act, altered the tax code. Amid the changing tax landscape, the…

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