LBMC wealth advisors provide affluent families and individuals coordinated tax preparation, retirement planning, estate and wealth transfer services. Read on.

Federal Tax Tips – May Releases

Our tax alerts are high-level communications and should not be considered as legal or actionable tax advice. Please contact us with any questions you have.

Get a tax credit for your home’s green energy upgrades

If you are installing renewable energy systems in your primary or other residences, you may be eligible for a valuable tax break. If your home improvements qualify, the Nonbusiness Energy Tax Credit can reduce your federal tax bill.

2019 Estate and Gift Tax Update

As the law currently stands, taxpayers have now through 2025 to take advantage of the increased estate and gift tax lifetime exemption assuming no intervening legislative changes.

Charitable Contribution Planning Under the TCJA

With good planning and communication, many tax-advantageous opportunities are out there for individuals to maximize the assets they wish donate to charity while retaining the tax benefit.