By John H. Robinson, Financial Planner (May 2025) Shifting self-employment income between spouses can optimize Social Security benefits and reduce tax liabilities in a narrow set of specific … [Read more...] about Scenarios in which it may make sense to shift self-employment income from one spouse to another to optimize social security benefits and/or avoid social security tax
Tax Planning
Caution: Renting Part of Your Home May Jeopardize Your Capital Gains Tax Exclusion
Caution: Renting Part of Your Home May Jeopardize Your Capital Gains Tax Exclusion
By John H. Robinson, Financial Planner (May 2025) Many homeowners are drawn to the idea of renting out a portion of their primary residence to generate extra income. While this can be a smart way … [Read more...] about Caution: Renting Part of Your Home May Jeopardize Your Capital Gains Tax Exclusion
Challenging the Merits of Tax Loss Harvesting
Challenging the Merits of Tax Loss Harvesting
John H. Robinson, Financial Planner (May 2025) Tax loss harvesting (TLH)-the practice of selling depreciated assets to offset capital gains and reduce tax liability-is widely promoted as a … [Read more...] about Challenging the Merits of Tax Loss Harvesting
Understanding the Net Investment Income Tax (NIIT) and How to Avoid It in Taxable Accounts
Understanding the Net Investment Income Tax (NIIT) and How to Avoid It in Taxable Accounts
By J.R. Robinson, Financial Planner (April 2025) “Yay- Another article about esoteric tax rules!"... said no one ever. Nonetheless, I have written this one because it keeps popping up as … [Read more...] about Understanding the Net Investment Income Tax (NIIT) and How to Avoid It in Taxable Accounts
What You Need to Know for 2025: New Tax Rules and Cheat Sheets
What You Need to Know for 2025: New Tax Rules and Cheat Sheets
New year tax changes, JR’s favorite cheat codes, new IRA and 401(k) limits. The purpose of this post is to help you get your financial plan off on the right foot for 2025 by raising awareness of … [Read more...] about What You Need to Know for 2025: New Tax Rules and Cheat Sheets
