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Some wealthy households made lots of income but had no tax bill in 2020. Here's how they pulled it off.

During 2020, a tiny set of taxpayers managed to have it all: lots of income and no tax liability — and the chief way many accomplished it was with an investment vehicle that’s grown in allure since then, according to experts.
Lance Dobler Cooper Howard George Gagliardi Schwab Center Investment Company Institute Financial Research
Source: yahoo.com

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High-Net-Worth Clients Make These Mistakes Too Often

When it comes to advising high-net-worth clients, financial advisors have a lot at stake. That's especially true when it comes to helping clients steer clear of common mistakes and pitfalls. "Addressing common client mistakes looks different with high-net-worth clients because … Continue reading → The post 5 Common Mistakes High-Net-Worth Clients Make appeared first on SmartAsset Blog.
Smartasset Smartadvisor Craig Toberman Kevin Brady Crystal Cox Lisa Kirchenbauer Alternative Minimum
Source: yahoo.com

Tenney introduces tax credit bill to assist rural developers

Press release: Congresswoman Claudia Tenney (NY-24), a member of the House Ways and Means Committee, introduced the New Markets Tax Credit Extension (NMTC) Act of 2023. This bipartisan legislation would make the NMTC permanent, index the allocation to inflation in future years, and exempt NMTC investments from the Alternative Minimum Tax. Tenney led this piece of legislation
United Memorial Medical Center New York United States Means Committee Community Development Entities Cdes Community Renewal Tax Relief

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