On December 29, 2022, the President signed into law the Consolidated Appropriations Act, 2023, the omnibus spending bill for the year. It includes a number of taxpayer-friendly changes that had been in various other bills before Congress. The changes together
Recognizing the crucial role of data in contemporary society, the investment team at Legacy has adopted a graphical approach for rapid and efficient information conveyance. Utilizing charts and graphs, we can represent large data sets, illustrate trends and changes over
The landscape of federal estate and gift taxes is set for a significant update in 2024. These changes, primarily driven by inflation adjustments, are crucial for individuals and estate planners to understand. The modifications affect the gift tax annual exclusion
For many women, wealth signifies much more than financial independence. It represents an opportunity to forge a lasting legacy that resonates deeply with personal values and visions for the future. In an era where women increasingly play pivotal roles in
The world of estate planning is witnessing significant changes as the federal estate tax exemption amount rises in 2024. This increase, driven by annual inflation adjustments, presents opportunities and challenges for wealthy taxpayers and their heirs. Understanding these changes is
Health Savings Accounts (HSAs) have emerged as a potent tool in the evolving healthcare landscape and financial planning, especially for the young and healthy demographic. HSAs offer a unique blend of health coverage and financial benefits as an alternative to
At Legacy, we’re dedicated to providing our readers with insightful analysis of significant financial and legal developments. The State of Washington‘s recent legislative changes in taxation represent a crucial moment in fiscal policy, meriting our in-depth exploration due to their
Recognizing the crucial role of data in contemporary society, the investment team at Legacy has adopted a graphical approach for rapid and efficient information conveyance. Utilizing charts and graphs, we can represent large data sets, illustrate trends and changes over
In the labyrinthine world of taxation, founders and investors of start-up companies often look for mechanisms that can offer substantial tax relief. One such mechanism is Qualified Small Business Stock (QSBS), an often-overlooked tax provision that serves as a boon
The Tax Cuts and Jobs Act (TCJA) of 2017 represented a pivotal moment in U.S. fiscal policy, primarily aimed at overhauling the corporate tax system. The landmark legislation sought to align the U.S. corporate tax regime more closely with global
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