by Finley Stetson | May 22, 2025 | Uncategorized
On May 21, 2025, the U.S. House passed the “One Big Beautiful Bill Act” by a 215-214 vote, a critical move to permanently set the estate tax exemption at $15 million for individuals and $30 million for couples, indexed for inflation. This is an increase from...
by Finley Stetson | Mar 3, 2025 | Uncategorized
On March 2, 2025, the U.S. Treasury Department announced a significant policy shift, suspending the enforcement of the Corporate Transparency Act (CTA) against U.S. citizens and domestic reporting companies. This decision, hailed as a “victory for common sense” by...
by Finley Stetson | Mar 3, 2025 | Uncategorized
On February 13, 2025, U.S. Representative Randy Feenstra (R-Iowa) introduced the Death Tax Repeal Act in the House, with over 170 representatives signing on. At the same time, Senate Majority Leader John Thune (R-S.D.) filed a companion bill in the Senate, supported...
by Finley Stetson | Jan 16, 2024 | Uncategorized
Thinking about making a move to the Sunshine State to avoid those pesky state income taxes? You might be avoiding something else too! First things first, Florida – the land of sun, sand, and no state income tax, is like a fiscal paradise in the midst of the mainland...
by Finley Stetson | Nov 22, 2023 | Estate Planning
There is at least one good piece of news about inflation…the annual increase in estate, gift and generation-skipping transfer tax exemption! These exemptions are like a force field protecting your wealth from the tax man’s greedy grasp! You can give up to these...
