What Will the TCJA Expiration Mean for You?
July 16, 2024
With the Tax Cuts and Jobs Act (TCJA) expiration scheduled for 2025, CCM is working to help position clients for future changes.
Goldilocks and Paying Your Taxes
April 18, 2024
Getting your tax payment just right will help you avoid the IRS underpayment penalty and optimize interest income on cash savings.
The Impact of a Tax Bracket Management Strategy
February 1, 2024
Tax bracket management can help optimize income and deductions over a period of years to minimize a client's lifetime tax experience.
The Season for Gifting
October 18, 2023
An overview of the tax implications of some of the most common gifting strategies.
Home Energy Credits Under the Inflation Reduction Act of 2022
July 18, 2023
Learn about tax credits available through 2032 for taking on home energy improvement projects.
Tax Highlights From the 2023 Minnesota Legislative Session
July 18, 2023
A summary of impactful tax changes enacted during the 2023 Minnesota legislative session.
529 Plans Enhanced by SECURE ACT 2.0
April 19, 2023
New rules for 529 plans allow for some funds to be rolled over into a Roth IRA.
Secure Act 2.0 Signed Into Law
January 20, 2023
Highlights from the Signed SECURE Act 2.0 and the impacts on financial planning strategies.
How You Could Benefit From the Inflation Reduction Act of 2022
October 17, 2022
As everyday prices continue to increase, you could benefit from different tax credits.
Qualified Charitable Distributions and Donor Advised Funds: Six Things to Know About Each
July 25, 2022
Tax-efficient charitable giving strategies to support an integrated financial plan.
SECURE Act 2.0 Passes the House
April 21, 2022
Highlights from the House's SECURE Act 2.0 and the impact on tax planning.
Tax Milestones Through the Years
January 24, 2022
Your birthday this year could mark an important tax and financial planning milestone.
New Tax Election Available to Minnesota Business Owners
November 17, 2021
Learn about a new pass‐through entity tax election that allows qualifying businesses to pay state income taxes on the business income to Minnesota at the entity level rather than at the individual level.
Tax Projections: A Wise Year-end Opportunity
November 2, 2021
It is a great time to evaluate your tax situation—both for this year and next.
Do You Qualify For a Mega Backdoor Roth?
July 22, 2021
Save up to an additional $38,500 through your employer-sponsored 401(k).
Is Significant Tax Reform Coming?
April 22, 2021
With the American Rescue Plan Act of 2021, there's a shift to reforming tax code. We're paying attention, as it may have tax and estate planning implications.
Highlights of the American Rescue Plan Act (ARPA) of 2021
March 23, 2021
The ARPA includes several temporary, but significant, tax-relief provisions.
Highlights of the Most Recent COVID-19 Relief Bill
January 15, 2021
More information about how the Consolidated Appropriations Act of 2021 may impact you.
COVID-19 Tax Relief
July 20, 2020
The IRS has issued further guidance on the provisions of the CARES Act to expand the opportunity for economic relief.
Highlights of the CARES Act
April 2, 2020
CCM's integrated team is diligently working to apply the CARES Act benefits to our clients' financial plans.
How the SECURE Act Could Impact You
February 24, 2020
Now is an ideal time to revisit retirement and wealth distribution plans.
Roth IRAs: Is Now the Ideal Time to Consider a Conversion?
November 1, 2019
We work with many clients each year to implement a Roth IRA conversion strategy.
Should I Contribute to a Roth 401(k) Instead of the Traditional 401(k)?
July 17, 2019
With many employer-based retirement plans (i.e. 401(k) or 403(b) plans) now offering a choice between making contributions into a Roth or a Traditional option, a conversation we frequently have with clients centers on the difference between contributing to one versus the other.
Minnesota Individual Income Tax Changes Represent Federal Conformity
June 5, 2019
Carlson Capital Management's Tax Team analyzes tax law changes and helps clients optimize their tax situations, including impacts of Minnesota's Omnibus Tax Bill.
An Update from the Tax Team: Is Mortgage Interest Still Deductible?
April 16, 2019
Under the new Tax Cuts and Jobs Act of 2017, some key factors that will help determine the deductibility of interest paid on a mortgage loan.
Utilizing Your Health Savings Account as a Retirement Planning Strategy
July 18, 2018
A Health Savings Account is unique in that it is the only type of investment account that provides for both tax-deductible contributions and tax-free distributions (for qualified medical expenses).
Charitable Giving Strategies in Light of the Tax Cuts and Jobs Act of 2017
April 17, 2018
The Tax Cuts and Jobs Act of 2017 has become a catalyst for taxpayers to revisit their charitable giving strategies. Learn why.