This week’s newsletter is highlights our latest podcast, one of Evergreen Gavekal’s wealth advisors Kaeli Kaainoa, CFP® & CEPA, sits down with our most recent addition to our team, Melissa Hilty, an attorney with an LLM in Taxation and over 15 years of experience with the IRS. They discuss her… Read More
While there were no significant tax law changes in 2023, with three major pieces of legislation passed within the last four years there are many items to be aware of looking forward. For 2024 the IRS announced substantial inflation adjustments that mean higher thresholds for tax brackets, a larger standard… Read More
By Wm. Kelly Sterling As another challenging year ends, it is important to keep abreast of changes in the tax laws. While there has been no significant tax legislation this year, there is more certainty about how previous legislation which became effective this year may impact you. This memo provides… Read More
In March 2023 the Washington State Supreme Court upheld the capital gains tax in a 7-2 ruling, citing that it is an excise tax, not an income tax, and thus legal under state law. This new tax brings significant complexity to tax planning and filing, as well as navigating the… Read More
By Wm. Kelly Sterling As another challenging year ends, it is important to keep abreast of changes in the tax laws. This is especially true this year as we have a little more certainty about how new tax laws may impact you next year. This memo provides an overview of… Read More
2022 has been a year of significant market turbulence, which has left many feeling cautious about the markets and concerned about the future. While it is impossible to predict where the market will be in the coming weeks and months, there are strategies to optimize your taxes and set you… Read More
Evergreen Gavekal, along with our partners at Evergreen Sterling Kuder (our firm’s tax division), strives to provide comprehensive financial guidance. In light of the rapidly changing tax proposals coming out of Washington DC, we are closely monitoring the impact that new legislation could have on our clients. Last fall, we published an… Read More
Washington State has passed an uncapped payroll tax of 0.58% starting January 2022 to help fund growing long-term care expenses. This tax applies to all W2 income including salary, bonuses, and stock. Read More
With Biden leading in the polls in the final days prior to the election, we understand that many of our clients and readers have questions as to potential tax changes under a Biden/Harris administration. The Tax Foundation, a bi-partisan tax policy research organization, indicates that Biden’s tax plan would raise… Read More
The SECURE Act of 2019 brings the second major Congressional action for tax and retirement reform in 24 months. These new laws will bring major changes to retirement planning going forward, with key changes geared towards beneficiaries of retirement plans and encouraging participation in employer-sponsored retirement plans. If you have questions about how this legislation impacts your financial plan, please contact your wealth consultant, especially if you are planning to leave your IRA to non-spousal heirs; and if you are above 70 ½, still working, and wish to contribute to an IRA. The SECURE Act of 2019 brings the second major Congressional action for tax and retirement reform in 24 months. These new laws will bring major changes to retirement planning going forward, with a key changes geared towards beneficiaries of retirement plans and encouraging participation in employer-sponsored retirement plans. If you have questions about how this legislation impacts your financial plan, please contact your wealth consultant, especially if you are planning to leave your IRA to non-spousal heirs; and if you are above 70 ½, still working, and wish to contribute to an IRA. Read More
