Category: Tax Planning

What’s in this article: Tax loss harvesting with direct indexing Tax-aware long-short strategies Pledged asset lines (PALs) and home equity lines of credit (HELOCs) Step-up in basis Donor-advised funds (DAF) Section 1202 and QSBS Relocation and Residency Real Estate Advanced Deferral and Reinvestment The sale of a business, real estate property, or other highly appreciated [...]

What’s in this article: A State in Transition Washington State Tax History Who is Leaving—and Why Where They’re Going: State-by-State Profiles Striking the Balance Guided Assessment Tool   A State in Transition For decades, Washington State was a haven for high earners. With no personal income tax, no capital gains tax, and a modest estate [...]

What’s in this article: The Millionaire’s Tax – Now Law Pass-Through Entity (PTE) Considerations and SALT Planning Washington Estate Tax Changes (Effective 2026) Washington Luxury Taxes (Effective 2026) State and Local Employer Taxes (Evolving Area) Key Takeaways Our Approach Washington has taken a significant step in reshaping its tax system. Governor Ferguson recently signed the [...]

For many families, estate planning begins with a will and basic documents. As wealth grows, however, planning may need to become more strategic. The focus shifts from simply transferring assets to encompass a broader and longer-term view: protecting wealth, minimizing taxes, and structuring assets so they can support multiple generations and establish a family legacy. [...]

What’s in this article Washington Tax Changes: The “Millionaires’ Tax” Capital Gains Changes Estate Tax Changes Real Estate Taxes New Luxury Taxes Oregon Tax Changes SB 1507 QSBS Tax Changes Conclusion: A Structural Shift and Planning Moment As the Washington and Oregon State Legislative Sessions come to a close, both states are looking at significant [...]

What’s in this article: New eligible expenses in 529 plans OBBBA introduction of 530A accounts (or “Trump Accounts”) for children Changes to gift tax exclusion and estate tax exemption New deduction and catch-up contributions for seniors State and Local Tax (SALT) deduction changes New exemptions from income tax   You may be surprised to learn that Benjamin [...]

What’s inside this article? When does your child need to file a tax return? What documents will they need to gather? Common first-time mistakes to watch out for Creating an opportunity to build financial literacy When professional help may make sense   There are a lot of “firsts” that mark the transition into adulthood — [...]

It is a new year and with that comes new contribution and gifting limits from the IRS.  As you begin to plan for the year ahead, we’ve highlighted some key changes in 2026 to be aware of for retirement accounts, health saving accounts, and gifting. Individual Retirement Accounts The annual contribution limits for traditional and [...]

The One Big Beautiful Bill Act (OBBBA) was passed by Congress and signed into law on July 4th, 2025. This new tax law is set to reshape charitable giving rules beginning in 2026. While many of the changes appear subtle, their impact could be significant—especially for families who regularly donate to charity. With just weeks [...]