Join nationally renowned CPA Bob Keebler for this session when he educates you on the topics listed below.
- Tax-Advantaged Accounts
- Contribution optimization for IRAs, 401(k)s, SEP, SIMPLE plans
- Brief overview of HSAs
- Education funding: 529s and Coverdell ESAs
- Multi-year funding; Grandparent 529s, 529-to-Roth conversions
- Deductions and Credits
- Itemized vs. standard deduction strategy
- Tax bunching and charitable bundling
- Key credits: CTC, EITC, and education-related credits
- Investment Tax Planning
- Capital gains timing, harvesting, and stacking strategies
- Concentrated positions
- Examples of cap gains stacking by income bracket
- Income Shifting and Splitting
- Using family trusts and gifting
- Employing family members and setting reasonable compensation
- Other
- Social Security benefits and taxes
- Capital gains from homeowners insurance proceeds
6. TCJA Sunset: The Possible Impact and What You Can Control
The following are the learning objectives for this session.
Identify and optimize tax-advantaged accounts, including IRAs, 401(k)s, SEP, SIMPLE, HSAs, and education-focused accounts (529 plans and Coverdell ESAs), highlighting advanced funding strategies such as multi-year and grandparent contributions, as well as the new 529-to-Roth conversion opportunities.
Apply deduction and credit optimization strategies, distinguishing between standard and itemized deductions, utilizing techniques like tax bunching and charitable bundling, and maximizing available tax credits (Child Tax Credit, Earned Income Tax Credit, and education-related credits).
Implement effective investment tax-planning strategies, including capital gains timing, harvesting, stacking, and managing concentrated investment positions, while providing practical examples illustrating capital gains stacking techniques across different income brackets.
Develop income-shifting and splitting strategies using family trusts, gifting, and employing family members with reasonable compensation arrangements, while also assessing the potential tax implications of Social Security benefits, homeowner insurance proceeds, and proactively planning for changes associated with the upcoming TCJA sunset.