Tag: TCJA

Optimizing Wealth Transfer: Strategies for Estate Planning Under Tax Reform

The federal estate tax exemption stands at an unprecedented high, but impending changes loom on the horizon. Enacted in 2017, the Tax Cuts and Jobs Act (TCJA) doubled the federal estate tax exemption from $5 million to $10 million, adjusted for inflation. As of 2023, the per-person federal estate tax exemption has soared to $12.92 … Continue reading Optimizing Wealth Transfer: Strategies for Estate Planning Under Tax Reform →

Federal Tax Cuts & Jobs Act (TCJA): Estate Planning Strategies For Florida Residents

Annuities are powerful financial instruments that provide individuals, particularly Florida residents, with a pathway to long-term financial stability and a reliable income stream during retirement. Understanding the tax implications associated with annuities, specifically within the context of the Tax Cuts and Jobs Act (TCJA) enacted in 2017, is essential for maximizing their benefits. Annuities and … Continue reading Federal Tax Cuts & Jobs Act (TCJA): Estate Planning Strategies For Florida Residents →