2016 Tax Data You Should Know

Like it or not, taxes are part of life. Each year the IRS releases important inflation adjusted tax numbers that could impact your taxes. Understanding them could help your tax-saving strategy. Knowing Transfer Taxation numbers may be important if you plan on giving assets to your family.

Estate, Gift, and Generation-Skipping Transfer (GST) Taxes

Don’t forget the amounts that you can contribute to qualified retirement plans, which can reduce your current income taxes.

Qualified Retirement Plan Limits

Michael Geeraerts, CPA, JD, CLU, CGMA, is an advanced markets consultant at The Guardian Life Insurance Company of America where he works with advisors on estate, business, and overall tax strategies. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. 2015-13702 (Exp. 12/17)

Brought to you by The Guardian Network® 2015. The Guardian Life Insurance Company of America®, New York, NY

Share |

Have A Question About This Topic?

Thank you! Oops!
 

Related Contents

Social Security Taxes

Social Security Taxes

Estimate how much of your Social Security benefit may be considered taxable.

“Dirty Dozen” Tax Scams to Watch For

“Dirty Dozen” Tax Scams to Watch For

Every year the IRS releases its list of tax scams, spotlighting some ways that people try to separate you from your money.

Home Mortgage Deduction

Home Mortgage Deduction

Use this calculator to assess the potential benefits of a home mortgage deduction.