Heads up for 2026 returns: the new 2/37 th limitation can reduce non-misc itemized deductions for estates and non-grantor trusts once you’re in the top tax bracket. For trusts/estates that means once you’re in the 37% bracket (taxable income over ~ $16,000). The reduction = 2/37 x the lesser of: 1. Total otherwise allowable itemized deductions, or 2. Taxable income (before itemized deductions) that exceeds $16,000 Translation: if you are in excess of the top brac

Most clients start thinking about gifting around December 28… right after they “start thinking about going to the gym in January.” But a recent piece from Northern Trust makes a good point: gifting earlier in the year can move more appreciation out of your estate —simply because the clock starts sooner. Example: In 2026, the annual exclusion is $19,000 per donor, per recipient (so $38,000 for a married couple).If you and your spouse gift your child $38,000 of Apple Inc. sto

Absolute Trust Talk E-Blast – Facebook Live 1.28 – Estate Tax Returns Why You Might Want to File One and Common Mistakes Click above to...

Okay, this could get interesting. Trump's new plan proposes that the business tax rate is reduced to 15%. That is a huge change since...

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Our clients, and the world in general, has been the subject of endless scams from nefarious callers claiming to be the Internal Revenue...