#FinancialPlanning Archives | Hutchinson and Bloodgood LLP

Tax Planning

The 2024 gift tax return deadline is coming up soon

A, note, card, with, "Gift, Tax, Return," written, on, it, placed, on, a, purple, notebook, with, a, blue, pen, a, yellow, pen, and, a, yellow, notebook, nearby.

March 7, 2025

If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift tax return. And in some cases, even if it’s not required to file one, you may want to do so anyway. Requirements to file The annual gift tax exclusion […]

#EstatePlanning, #FinancialPlanning, #GiftTax, #TaxFiling

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Tax Planning

Looking ahead to 2025 tax limits as you prepare to file your 2024 return

A, desk, calendar, reading, "TAX, 2025," sits, on, a, workspace, with, a, notebook, while, a, person, in, the, background, works, on, finances.

January 29, 2025

H&B

Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation. That’s understandable because your 2024 individual tax return is due to be filed by April 15 (unless you file for an extension). However, it’s a good time to familiarize yourself with tax amounts that may […]

#2025Taxes, #FinancialPlanning, #TaxPlanning, #TaxUpdates

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