Taxes are an essential part of financial planning — they touch everything from retirement planning to philanthropy to estate planning. Each year, the IRS updates important limits and thresholds throughout the tax code.

In this guide we cover:

  • Income taxes
    • Taxable income range
    • Investment taxes
    • Income tax deductions and credits
    • Other important tax deductions and credits
    • Social Security and Medicare tax (FICA) rates
  • Stealth taxes
    • Net investment income tax (NIIT)
    • Income-related monthly adjustment amount (IRMAA)
    • Additional Medicare tax
  • Retirement
    • Retirement contribution limits
    • Required minimum distributions (RMDs)
    • Qualified charitable distribution rules
  • Gift, trust, and estate taxes
    • Trust and estate tax rates (not individual)
    • Annual and lifetime gifting limits
Download now

DISCLOSURE

&Partners does not render legal or tax advice. Please consult your tax or legal advisors before taking any action that may have tax consequences. This communication cannot be relied upon to avoid tax penalties. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed. This material has been created for informational purposes only and is subject to change. Information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.