Broker Check

WEBINAR REPLAY

Tax reform is coming. It’s not a matter of if, but rather when. The consensus is that there will be significant changes to the income tax code targeted to raise additional revenue from the wealthy. Learn what these changes are and how they may affect your current planning strategy so you can adjust accordingly before it’s too late.

Because almost every financial action can have tax consequences, choosing tax-efficient strategies is individual to you and should be integrated with your total financial plan. We review our clients’ annual tax return, calculate cost-basis, offer recommendations on tax advantaged investments, and stay current on the ever-changing tax environment to help you maximize tax-reduction opportunities.  

►  Has your advisor discussed tax planning strategies that could help you keep more of what you make?

►  Has your advisor reviewed your tax forms to coordinate your investments with your taxes?



QUALIFIED CHARITABLE DISTRIBUTION (QCD)

If you are age 70 ½ and older you can make a Qualified Charitable Distribution (QCD) in the form of a direct transfer of up to $100,000 directly from your IRA to a charity, including all or part of your required minimum distribution (RMD). In order to qualify for tax year 2021, the funds must come out of your IRA by December 31, 2021. 


VIEW OUR TAX PLANNING REPORT (March 2021)

Helpful tax-time strategies, including information about the CARES Act and SECURE Act that could affect your 2020 and 2021 taxes. 


YEAR END TAX PLANNING WORKSHEET

A list of important deadlines, documents you may need, and strategies to consider. 


ACCESS AND EXPORT TAX DATA 

Information about exporting tax data from your Raymond James brokerage accounts


TAX PLANNING FOR PASS-THROUGH BUSINESSES 

Does your business qualify for this notable tax deduction?


YEAR-END TAX TIPS FOR BUSINESSES

Help improve your bottom line with these tax mitigation strategies.


WEBINAR REPLAY

Should you be bracing for higher taxes? How concerned should land owners and business owners be?

Watch a portion of our Economic and Investment Update Webinar recorded March 2, 2021 discussing the proposed tax law changes, such as the elimination of the stepped-up basis, capital gains hike rate for filers with incomes above $1 million, and a phase out of small business income deductions over $400,000. 



Tax Rates

Please note: Tax rates are for the 2021 tax year and will be updated to the 2022 rates after April 15, 2022.

MARRIED FILING JOINTLY

RateMinimumMaximum
10%$0$19,900
12%$19,901$81,050
22%$81,051$172,750
24%$172,751$329,850
32%$329,851$418,850
35%$418,851$628,300
37%$628,301N/A

MARRIED FILING SEPARATELY

RateMinimumMaximum
10%$0$9,875
12%$9,876$40,125
22%$40,126$85,525
24%$85,526$163,300
32%$163,301$207,350
35%$207,351$311,025
37%$311,026N/A

SINGLE

RateMinimumMaximum
10%$0$9,950
12%$9,951$40,525
22%$40,526$86,375
24%$86,376$164,925
32%$164,926$209,425
35%$209,426$523,600
37%$523,601N/A

HEAD OF HOUSEHOLD

RateMinimumMaximum
10%$0$14,200
12%$14,201$54,200
22%$54,201$86,350
24%$86,351$164,900
32%$164,901$209,400
35%$209,401$523,600
37%$523,601N/A

2021 Federal Estate Tax Levels

At death, a surviving spouse's estate will owe estate taxes on the net value that exceeds the annual exemption:

YearExempt from TaxEstate-Tax Rate
2021

$11,700,000 per person with portability

Top rate of 40%


This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.

Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

*Raymond James is not affiliated and does not endorse Robert Keebler.