Tax Planning
Articles and resources related to Tax Planning.
Tax Milestones Through the Years
November 20, 2024
Your birthday this year could mark an important tax and financial planning milestone.
Is your financial advisor speaking with your CPA?
November 20, 2024
Integrating the roles of your tax advisor and financial advisor can significantly enhance the effectiveness of your financial planning.
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.
So, You Want to Retire?
July 17, 2023
As a financial advisor with more than 30 years of experience, Katy Vermeer, CFP®, shares what's on her mind as she anticipates her own retirement.
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.
Net Unrealized Appreciation (NUA): A Tax Strategy for Retiring With Employer Stock
September 28, 2022
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
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.
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.
When Is It Time to Update Your Estate Plan?
November 2, 2021
Proposed tax changes could change how individuals spend assets and structure estate plans.
Portfolio Management—Beyond the Returns
October 25, 2021
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?
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.
Tax-loss Harvesting: A Year-round Tax-planning Strategy (VIDEO)
December 17, 2020
How CCM leverages tax-loss harvesting to improve clients’ total financial plans.
Charitable Remainder Trusts: A Win-Win Strategy for Donors and Charities
August 20, 2020
Charitable remainder trusts (CRTs) can create wonderful opportunities for charities, while providing significant benefits to donors and their families.
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.
New Laws Impact Estate Plans
November 5, 2019
Estate laws continually change, making it important to review your estate plan periodically.
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.