Articles and resources related to Tax Planning.
529 Plans Enhanced by SECURE ACT 2.0
New rules for 529 plans allow for some funds to be rolled over into a Roth IRA.
Secure Act 2.0 Signed Into Law
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
As everyday prices continue to increase, you could benefit from different tax credits.
NUA: A Tax Strategy for Retiring With Employer Stock
NUA tax strategies should be considered if you hold your employer’s stock in your retirement plan.
Qualified Charitable Distributions and Donor Advised Funds: Six Things to Know About Each
Tax-efficient charitable giving strategies to support an integrated financial plan.
SECURE Act 2.0 Passes the House
Highlights from the House's SECURE Act 2.0 and the impact on tax planning.
Tax Milestones Through the Years
Your birthday this year could mark an important tax and financial planning milestone.
New Tax Election Available to Minnesota Business Owners
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
It is a great time to evaluate your tax situation—both for this year and next.
When Is It Time to Update Your Estate Plan?
Proposed tax changes could change how individuals spend assets and structure estate plans.
Portfolio Management—Beyond the Returns
How CCM’s integrated team works in partnership to execute clients’ year-end tax plans to optimize outcomes.
Do You Qualify For a Mega Backdoor Roth?
Save up to an additional $38,500 through your employer-sponsored 401(k).
Is Significant Tax Reform Coming?
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
The ARPA includes several temporary, but significant, tax-relief provisions.
Highlights of the Most Recent COVID-19 Relief Bill
More information about how the Consolidated Appropriations Act of 2021 may impact you.
Tax-loss Harvesting: A Year-round Tax-planning Strategy (VIDEO)
How CCM leverages tax-loss harvesting to improve clients’ total financial plans.
Charitable Remainder Trusts: A Win-Win Strategy for Donors and Charities
Charitable remainder trusts (CRTs) can create wonderful opportunities for charities, while providing significant benefits to donors and their families.
COVID-19 Tax Relief
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
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
Now is an ideal time to revisit retirement and wealth distribution plans.
New Laws Impact Estate Plans
Estate laws continually change, making it important to review your estate plan periodically.
Roth IRAs: Is Now the Ideal Time to Consider a Conversion?
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)?
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
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?
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.
Questions to Consider for Year-End Under the Tax Cuts and Jobs Act of 2017
Given the many changes brought to bear by the Tax Cuts and Jobs Act of 2017, fourth quarter brings the opportune time to consider some very key questions related to your 2018 taxes
Utilizing Your Health Savings Account as a Retirement Planning Strategy
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
The Tax Cuts and Jobs Act of 2017 has become a catalyst for taxpayers to revisit their charitable giving strategies. Learn why.