February 05, 2019
NP Trusts & Estates Blog
Author(s): Sarah M. Richards, Elena N. O’Leary, CPA, Christopher F. Caldwell, EA, Alyson L. Stevenson, Masha Rabkin, CPA, Mary-Benham B. Nygren, Aaron Poirier, CPA
The tax treatment of alimony is changing in 2019, five factors to consider before donating to a political candidate or organization, January economic highlights and more. Here’s what’s trending in estate planning and wealth management.
Economic and market highlights from the NP Investment Team for January 2019.—NP Investment Team
The Tax Cuts and Jobs Act affected several tax provisions related to saving for education costs.—Smita Patel
The IRS has announced limited relief for underpayment of estimated income tax due for the year 2018.—Sarah M. Richards, Elena N. O'Leary
Scholarships are free, no-strings-attached money to help a student pay for his or her higher education, right? Usually. But not always.—Christopher F. Caldwell
The ability to deduct medical and dental expenses in 2018 depends on a taxpayer’s medical and dental expenses relative to the taxpayer’s income.—Alyson Stevenson
Political contributions are heavily regulated by the government and can impact public perception. If you are considering donating to a political candidate or organization, ensure that you carefully consider the following five factors before doing so.—Masha Rabkin
The IRS has set the 2019 standard mileage deduction rate for travel related to business, medical, moving and charitable purposes.—Mary-Benham B. Nygren
The tax treatment of alimony for divorces filed before and after December 31, 2018 is different.—Aaron Poirier
The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.
