Are interest rates going to stage a “liftoff” in March? Analysts are focused on today’s Federal Reserve announcement to see how fast the Fed may raise interest rates to slow inflation. You could be overlooking a way to increase your retirement income. Rocky Mengle explains the advantages of CRTs, or charitable remainder trusts, for Kiplinger. Georgia business owners may soon get a tax break. Windham Brannon describes the benefits of the new state and local tax (SALT) cap workaround.
Inflation-Fighting Fed Likely To Flag March Interest Rate Hike — The Federal Reserve is expected on Wednesday to signal plans to raise interest rates in March as it focuses on fighting inflation and sets aside, at least for now, economic risks posed by the ongoing coronavirus pandemic, a bout of market volatility, and Western fears of a Russian invasion of Ukraine. Read more…
A Charitable Trust With Many Benefits for Retirees — Are you looking for an additional income stream in retirement? Do you want to leave behind something for charity and cut your tax bill now and when you pass away? If the answer is yes, a charitable remainder trust might be right for you. Read more…
Georgia Enacts SALT Cap Workaround Starting In 2022 — Georgia joins at least nine other states in passing a workaround to the $10,000 cap on state and local taxes for certain types of businesses. Enacted on May 4, 2021, House Bill 149 provides a way for pass-through entities to pay state tax at the entity level rather than through individual owners and partners, thus alleviating the $10,000 SALT cap put in place through the Tax Cuts and Jobs Act (TCJA). Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller