In Roth Conversions, Reducing Your Taxable Income is One of the Benefits
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Roth conversions can decrease your taxable income and increase your tax savings over the long haul.

In Roth Conversions, Reducing Your RMD is One of the Benefits
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Required minimum distributions are taxed as taxable income, the same as other types of traditional IRA withdrawals and Roth conversions.

In Roth Conversions, Paying the Tax is One of the Benefits
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Taxes related to traditional IRA withdrawals only happen once. Meanwhile, the funds in your taxable account are subjected to taxation each year.

States with Death Taxes (2023)
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While most states do not have their own estate or inheritance taxes, some states do and often their exemption is lower than the federal one.

Federal Debt Burden May Settle 2026 Tax Uncertainty
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I have difficultly imagining a likely outcome where I would regret a Roth conversion.

How Our Current Tax Brackets Compare to Historical Ones
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How do our current tax brackets compare to historical ones? Are our taxes higher than the past? When was the most expensive time period for the U.S. income tax?

How the Wealthy Can Take Advantage of Health Insurance Subsidies for 2023 Onward
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You may be surprised by the amount of subsidies you can receive.

The Costly Effect Of Saving In A Taxable Account
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The annual drag of taxable account taxation may seem like a small amount, but the effect over long periods of time such as 30 years is significant.

How to Calculate Your Possible Health Insurance Subsidies
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If you are already shopping for health insurance for 2022, consider getting an on-exchange health insurance plan. You may be surprised at how much subsidies you can receive.

How the Wealthy Can Take Advantage of Health Insurance Subsidies in 2022
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If you are currently shopping for health insurance for 2022, consider getting an on-exchange health insurance plan. You may be surprised at how much subsidies you can receive.

Video: The Value of Systematic Roth Conversions
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In this talk, David demonstrates how Roth conversions can be extremely valuable even if a client is always in the same tax bracket.

How to Pick Your Charitable Giving Target for State Tax Credits
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Which of these three methodologies you prefer depends on your reason for giving.

Pay Your State Tax By Donating to Charity
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If you have a tax credit eligible charity where you like their work better than the state government, then consider redirecting your state tax to fund the charity instead.

How to Use Your 401(k) to Convert Only Your IRA’s Nondeductible Basis to Roth
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If you have an accepting employer plan, you could consider rolling the pre-tax funds into your 401(k) this year while converting your nondeductible basis cleanly to a Roth IRA.

13 Financial Actions to Consider During Market Downturns Like This
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Market returns are out of your control. These thirteen actions are in your control.

Contribute As Much As You Can to a 457 Plan
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If your employer offers a 457 plan, consider taking advantage of the ability to shelter more money each year from taxes in a Roth account.

Radio: Checklist for Reviewing Your Tax Return
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On Tuesday, March 12, 2019, David John Marotta appeared on Radio 1070 WINAโ€™s Schilling Show to discuss how to do your own tax review.

Taxing Capital Gains Unfairly Taxes Inflation
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Punishing people for inflation is neither fair nor good economic policy.

Radio: Year-End Tax Saving Ideas
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On Tuesday, November 13, 2018, David John Marotta appeared on Radio 1070 WINAโ€™s Schilling Show to discuss several tax saving ideas you can do before the year ends.

The Complete Guide to Timing Your RMD
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You can take the RMD out as early as January 1st or as late as December 31st, but when should you?

Where is Your Priority: Tax Preparation or Tax Planning?
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At our firm, tax planning is our priority. We hope to maximize after-tax net worth over your lifetime, even if it is at the expense of this one year.

Long-Term Effects of AGI-Lowering Strategies
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However, in 2018, the health insurance rates are extraordinarily high, especially in Charlottesville. Taking one year off from your valuable tax planning strategies to get free or low-cost health insurance might be worth it.

How to Lower Your AGI and Why You’d Want To
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Here are 8 reasons you’d want to lower your AGI and 8 methods to lower your AGI.

Generational Financial Planning Within The Kiddie Tax Limits
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Families that consider generational financial planning techniques can reduce the burden of taxes on the family as a whole.

Our Customized Roth Conversion Recommendations
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I have learned there are so many more wise plans than just “top of the bracket” conversions.

Five Things You Can Control: Taxes
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A dollar saved on taxes is worth more than an extra dollar of income because the extra dollar of income is in itself taxable.

Asset Location Can Significantly Boost After-Tax Returns
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Exact asset location depends on the percentage of a portfolio held in each of the three types of accounts as well as the percentage of the portfolio which is to be allocated to each selected sector. But the boost in after-tax returns is well worth the effort.

Radio: Tax Planning Season
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When you finish your tax preparation, it is time to begin tax planning.

Mailbag: The Practical Limits of 1031 Exchanges
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Using a 1031 exchange to turn investment property into residential property is possible, but it takes careful planning from the outset.

Gifts, Taxes, and IRS Form 709
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Most people are unaware that giving a gift can be a taxable event because they themselves have not yet experienced the tax.

Mailbag: How Is Capital Gains Tax Calculated?
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The IRS does not do a good job of helping people understand capital gains taxes. They provide a worksheet to help you calculate it, but it has so many steps that it’s nearly impossible to figure out what’s going on.

Tax Loss Harvesting and Wash Sales
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Wash sale rules need to be followed when realizing capital losses for taxes but can be burdensome to track and monitor.

What Counts as Wages for the Social Security Earnings Test?
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Contrary to the normal way of things, this time what Uncle Sam gives with the IRS, he takes away with the SSA.

What Counts as “Boot” in a 1031 Exchange?
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1031 exchanges can include “boot,” which is an unofficial term for other property received in the exchange.

Mailbag: Unexpected Income and Estimated Taxes
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How do you handle unexpected income that happens late in the year?

Mailbag: Where Does Cost Basis Go in a Partial 1031 Exchange?
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In a 1031 exchange, the cost basis of the property you give up is rolled into the new property you receive.

Mailbag: When Can I Move Into a 1031 Property?
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Because 1031 exchanges are a great way to defer paying large amounts of capital gains tax, the IRS tends to be suspicious of them.

What Capital Gains Is Owed For The Sale Of Gifted Stock?
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It is better to leave stock to a family member in your estate plan than to gift them the stock while you are alive.

What is a Backdoor Roth?
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Even over the income threshold, you may still be able to add funds to your Roth IRA with what is called a backdoor Roth.

Education Improvement Scholarship Tax Credits
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Virginia taxpayers can give generously and offset the cost of those gifts through tax credits and the avoidance of capital gains taxes.

How to Take Advantage of Student Loan Forgiveness
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You might think that you can’t qualify, but many well-paid families are eligible.

Tax Alpha: How to Fix a Client Portfolio
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Good financial planners can be worth their weight in gold in helping clients build a tax-efficient portfolio.

Radio: Twelve Tax Planning Agenda Items To Do Before April 15
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It is better to do tax planning all throughout the year, but here are 12 things to do (or plan to do in the coming year) before April 15.

Mailbag: Is There An Advantage For Me To Do A Roth Conversion?
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My wife and I are 65 years old and I am newly retired. Is there any advantage in doing a Roth conversion this year?

How To Diversify Highly Appreciated Stock
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Exchange funds, also know as swap funds, can provide investors with one highly appreciated security a way to trade it for an equivalently valued but more diversified portfolio.

Mailbag: Can I Roll My IRA Into A REIT Tax-Free?
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A reader asks, “My wife has a $250K SEP IRA earning 1.5% interest. Can we use any of the funds for real-estate investments?”

What is a 1031 Real Estate Exchange?
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Despite their complexity, these exchanges have the potential to save vast amounts of money.

Mailbag: How Do You Live When You Are Trying To Avoid Taxes?
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Having sufficient assets in a taxable account can allow for tax planning.

Realize Some Capital Gains Each Year To Keep Taxes Low
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There are at least four different capital gains tax rates. Here’s how to minimize yours.

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