Residential real estate rentals can be a great investment provided you understand all the tax implications.
Read MoreAs an employer-sponsored retirement plan, a Roth 401(k) has some great advantages. To know whether or not it’s a good idea to have a Roth 401(k) plan, you’ll want to understand exactly how it’s best used.
Read MoreGiving a portion of your wealth to your favorite philanthropy is a win-win situation. You support work important to you, increasing your portfolio’s tax efficiency at the same time.
Read MoreInherent in every financial recommendation we make is tax efficiency. Tax planning has to be part of your financial plan — it’s why we offer both tax planning and preparation for our clients.
Read MoreWealth Advisor Kyle Grabenstetter CFP® was interviewed on WGN Radio’s “Your Money Matters”, where he discussed the child tax credit and answered common questions.
Read MoreWhen it comes to investment management, merely constructing a portfolio is not enough. Having the right mix of securities and understanding each security’s expected return, standard deviation, and correlations to each other is highly important.
Read MoreIf you hold company stock in a 401k, you’ll want to be aware of potential net unrealized appreciation tax benefits. Here we explain the main points to consider.
Read MoreCapstone co-founder Troy Bute was featured in Crain’s Chicago Business to discuss the Build Back Better Act and how it could affect your taxes.
Read MoreThe tax code will more than likely be changing, thanks to the Build Back Better Act. If your income is above the proposed thresholds, proactive tax planning strategies can help improve your overall tax liability.
Read MoreThe American Rescue Plan expanded limits on both Dependent Care FSAs and the Child and Dependent Care Credit. What’s best for your family depends on your situation. We break down what’s changed and how to maximize your savings in 2021.
Read MoreSenior Wealth Advisor Sandy Higgins, JD, CFP® was quoted in the article, “The 14 States That Won't Tax Your Pension” published by Better Homes & Gardens. In addition to pension income tax, the article talks about other important considerations when deciding on where to move in retirement.
Read MoreIncentive Stock Options can be confusing, so we’re here to give you a quick introduction. Understanding their tax implications is important to fully capitalize on their value.
Read MoreCapstone’s 2021 Tax Reference Guide for income earned in 2021 and tax returns filed in 2022 is now available.
Read MoreAs the end of the year approaches, it is always a good time to think about ways to help lower your April tax bill next year and in years to come. Prior to this year, taxpayers were still digesting changes made due to the landmark Tax Cuts and Jobs Act (TCJA).
Read MoreAssume two people make the same amount of money, own similarly valued homes, and live similar lifestyles, but one of them can save far more money than the other. What is the difference? Location, location, location.
Read MoreWhile the CARES Act provides relief to many small businesses, it also includes provisions for aid to individuals and households who may need it the most during this time. The stimulus package will provide government payments directly to individuals, assisting those who have lost their jobs or have seen their income reduced during the shutdown.
Read MoreBusiness and economic activity across the world are currently experiencing an unprecedented level of strain amidst the Coronavirus (COVID-19) pandemic. We have recently started seeing clear indications of the severity of that strain as record numbers of people have filed for unemployment in the United States.
Read MoreOn March 20, 2020, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Many states, including Illinois, have also provided special tax filing and payment relief to individuals and businesses in response to the COVID-19 outbreak.
Read MoreAfter the 2018 tax season, most people were familiar with some of the more major modifications of the Tax Cuts and Jobs Act (TCJA).
Read MoreIn many ways, the Tax Cuts and Jobs Act (TCJA), passed in December 2017, marked the beginning of a new approach to tax planning.
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