Don’t Make This Costly Portability Election Mistake
The One Big Beautiful Bill Act (OBBBA) permanently increased the federal estate and gift tax exemption to a whopping $15 million per person for 2026 and later. You can give away while alive and/or bequeath at death this much money or property free of federal estate and gift tax. If you’re married, you and your […]
HSAs After Death: What You Need to Know
Health Savings Accounts (HSAs) are a great way to save money. Unlike any other tax-advantaged account, they provide a triple tax benefit: Contributions are tax-deductible. Monies inside the HSA grow tax-free Withdrawals are tax-free if used for medical expenses. Withdrawals after age 65, if not used for medical expenses, are subject to regular income taxes. […]