Veterans Financial Group

Roses are red
Your accountant might be blue
If you want to make them happy
Don’t send your documentation after it is due

A married couple with taxable income up to $81,050 in 2021—that is, $106,150 less the $25,100 standard deduction—owes ZERO tax on qualified dividends and long-term capital gains.

To those who have served, we say thank you! Happy veterans day!

Gobble Gobble, is your estate plan in order if you should need it unexpectedly?

House passes the infrastructure bill, now there are still some legal and political gymnastics yet to unfold before pen comes to paper to sign into law. Are you aware of the changes coming down the pipeline potentially?

If you’re getting zero return on an investment, then that investment doesn’t make any cents.

Very unlikely this will hold up as a holographic will and in the event he changes his mind, also going to be fun conversation to do with his ink.

Anderson .Paak Gets a Key Part of His Will Tattooed on Arm: No Posthumous Albums Some performers end up having more lively discographies posthumously than they ever did in life. Anderson .Paak does not mean to be one of them. And whereas some artists might just put a ban on pos…

The importance of updating your trust/wills to reflect your current and future intent!

Elizabeth Hurley's Son Prevails in Inheritance Fight Court finds no ambiguity in trusts' use of the term 'grandchildren.'

Do you know and care about someone who is suffering from mental illness? This might be a good conversation to start having.

Estate Planning With Mental Illness in Mind What are psychiatric advance directives, and why are they so important?

Fun fact: Individual Taxes make up the largest slice of the pie for US tax revenue. What are you doing to minimize how much you are contributing to that pie?

Sources of Tax Revenue in the United States In the U.S., individual income taxes (federal, state, and local) are the primary source of tax revenue, at 41.5 percent of total tax revenue. Social insurance taxes make up the second-largest share, at 24.9 percent, followed by consumption taxes, at 17.6 percent, and property taxes, at 12.1 percent.

Are you aware that the Child Tax Credit has two sets of phaseouts, in addition the first set you might have to pay back if took the monthly payments?

Upcoming Advance Child Tax Credit Payments: Unanswered Questions Amidst the outstanding questions, potential confusion over how advanced child tax credit payments will affect tax refunds, and an incomplete portal to update taxpayer information, the IRS will begin sending payments to millions of households this month.

Stay up to date on the tax laws coming down the pipeline. Plan early and meet with your advisors today.

Tracking the 2021 Biden Tax Plan and Federal Tax Proposals Taxes are once again at the forefront of the public policy debate as legislators grapple with how to fund new infrastructure spending, among other priorities. Our tax tracker helps you stay up-to-date as new tax plans emerge from the Biden administration and Congress.