Jonathan Bloom
AAF Wealth Management Q4 2024 Market Insights
In an ongoing commitment to keep you abreast on a range of issues that might affect your business and personal financial health, AAFCPAs is pleased to share Q4 2024 Market Insights published by AAF Wealth Management, a wholly owned subsidiary of AAFCPAs. This provides investors with an understanding of what’s driven performance of late. Overall, […]
Social Security Changes for Public Service Employees
What To Know About the Social Security Fairness Act On Sunday, January 5, President Biden signed the Social Security Fairness Act into law, marking one of the most significant changes to Social Security in decades. This legislation directly affects around three million public service employees, including teachers, firefighters, police officers, and their families. Beneficiaries will […]
Post-Election Tax Update Webinar Recap
In this article: The outcome of the U.S. election sets the stage for potential tax policy shifts, leaving decision-makers wondering how they may prepare for what lies ahead. The new administration is considering changes to personal, corporate, and estate taxes along with broader economic policies. Considering this uncertainty, AAFCPAs advises that clients plan proactively to […]
IRS Increases Tax-Free Charitable Giving Limit for IRA Owners
In a recent announcement, the IRS increased the annual limit for tax-free charitable donations from IRAs, allowing eligible IRA owners aged 70½ and older to give up to $105,000 tax-free in 2024. These contributions, known as Qualified Charitable Distributions (QCDs), may help reduce taxable income while also benefiting eligible charitable organizations. For those aged 73 […]
Top Takeaways From Our 2024 Tax Planning & Wealth Preservation Webinar
In this article: Strategic tax planning preserves wealth and ensures a lasting legacy. During AAFCPAs’ recent Individual/Family and Wealth Preservation webinar (October 2024), Jonathan Bloom, CFP®, AIF®, Joshua England, LLM, Esq., Richard Weiner, CPA, MST, CM&AA, Daniel Seaman, CPA, and Tyler Champagne, CPA, MSA shared wealth preservation insights including strategies to help optimize your tax […]
Election Impact on Taxes: Essential 2024 Strategies to Know
Webinar OnDemand: Post-Election Tax Update Fireside Chat AAFCPAs invites you to watch our special Post-Election Tax Update. Our tax advisors provide in-depth analysis of key outcomes of the 2024 U.S. presidential election and their potential impact on your tax planning. Details: Hear in-depth analysis of key election outcomes from the 2024 U.S. presidential election and […]
AAF Wealth Management Q3 2024 Market Insights
AAFCPAs is pleased to share the following Q3 2024 Market Insights published by AAF Wealth Management, a subsidiary of AAFCPAs. While world markets were relatively calm, we saw a bit more volatility this quarter in the investing and political arenas. Coming out of an uneventful first half of the year, the combination of more realistic […]
Webinar On-Demand – Year-End Tax Optimization for Individuals & Families: Key Insights to Save in 2024
Webinar: Year-End Individual/Family Tax and Wealth Preservation AAFCPAs invites you to watch our 2024 Individual/Family Tax and Wealth Preservation webinar, tailored to high-net-worth individuals. Watch us discuss tax strategies for preserving and growing your wealth. Details: Tailored to high-net-worth individuals looking to preserve and grow their wealth, this session offers insights on tax strategies and […]
New IRS Guidelines: Employer Matching Contributions for Student Loan Payments Explained
AAFCPAs would like to make clients aware that the Internal Revenue Service has issued important interim guidance for employers offering retirement plans, which presents a new opportunity to enhance employee benefits. This guidance, detailed in Notice 2024-63, explains how employers may provide matching contributions to retirement plans based on employee student loan payments, as outlined […]