Keeping You Informed

Our blog goes beyond the financial headlines to help you understand what they mean for you.

Minimizing the 3.8% NIIT

The net investment income tax, or NIIT, is a 3.8% surtax on investment income collected from higher-income individuals. It first took effect in 2013. After filing your 2014 return, you may have been hit with this extra tax for two years, and you may now be ready to get proactive by taking some steps to stop, or at least slow, the bleeding for this year and beyond.

Same-Sex Marriage Tax Implications

Since the Supreme Court’s 2013 Windsor decision, same-sex couples who are legally married under state or foreign laws have been treated as married for federal tax purposes just like any other married couple. The Supreme Court’s Obergefell decision (issued in late June) now requires all states to license and recognize marriages between same-sex couples.

Maximizing FDIC Insurance Coverage Of Bank Deposits

The Federal Deposit Insurance Corporation (FDIC) has provided deposit insurance coverage to depositors of insured banks since 1933. This protection is important to all investors, especially those who tend to be invested heavily in cash and who are dependent on these accounts to cover living expenses

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