If you’re the parent of a high school student who’s looking ahead to college, it’s important to have a grown-up conversation with your child about college costs. A frank discussion can help both of you get on the same page, optimize the college search process, and avoid getting blindsided by large college bills.
Each year, thousands of professionals use their creativity and ingenuity to try to figure out the best ways to lower your federal taxes. You know you’re living in interesting times when state lawmakers join that crowd.
The Tax Cuts and Jobs Act, signed into law in December 2017, approximately doubled the federal gift and estate tax basic exclusion amount to $11.18 million in 2018 (adjusted for inflation in later years). After 2025, the exclusion is scheduled to revert to its pre-2018 level and be cut approximately in half. Otherwise, federal gift and estate taxes remain the same.
You probably don’t spend a lot of time feeling sorry for a U.S. citizen named Meghan Markle, who is about to tie the proverbial knot with Prince Harry of England. But an article in the Wall Street Journal notes that Ms. Markle, and other American citizens who marry foreigners, face a lifetime of harassment by America’s Internal Revenue Service.
A recent global survey of more than 18,000 adults in nine countries asked a simple question: “All things considered, do you think the world is getting better or worse, or neither getting better nor worse?”
Condor has sent out its 2018 1st Quarter Newsletter!
- The Trade War that Isn’t — Yet
- Don’t Wait to Ask Aging Parents These Important Questions
- The Slack in the Labor Market
You can read our online copy by clicking here.
Organizing your finances and creating a long-term financial game plan for yourself can seem like a daunting task. Here are some simple, helpful tips you can take to set yourself up for financial success.
Every year, The Economist magazine surveys the Worldwide Cost of Living, looking at 160 expense items across 133 countries. There are a lot of interesting tidbits to be found in the report, but perhaps the most interesting is a list of the most expensive cities in the world. Continue reading “The Most Expensive Cities in the World”
You may have heard about the “Trump Tariffs;” that is, the proposed 25% surtax on all steel imports coming into the U.S. from foreign manufacturers, and a similar 10% surtax on aluminum. The markets certainly noticed; they fell dramatically after the announcement, as investors feared that the move would spark a global trade war.
Established in 1996, 529 plans were designed to encourage tax efficient saving for future college expenses. The Tax Cut and Jobs Act of 2017 expanded how these plans can be used and now allows them to cover up to $10,000 per year, per child for primary and secondary education at private institutions.