For some taxpayers, changes in tax law can prompt a reevaluation of giving strategies. Thanks to the OBBBA, qualified charitable distributions may provide more opportunity to maximize giving impact while lowering taxes. Wealth Advisor Brian Tullio was featured in a recent Financial Advisor Magazine article discussing how new tax law makes QCDs more valuable than [...]
To leave a financial legacy, a robust estate plan is critical. Without a thoughtful strategy in place, you risk losing accumulated wealth to taxes, probate, or family conflict. In a recent GOBankingRates article shared by Yahoo Finance, Wealth Manager Brian Tullio shared his thoughts on commonly overlooked estate planning strategies that might be beneficial for [...]
Tax law changes outlined in the recently signed Big Beautiful Bill may impact how taxpayers approach tax planning moving forward. Wealth Manager Brian Tullio was featured in a GOBankingRates article outlining whether taxpayers should accelerate income or deductions before 2026. “Proper tax planning requires a thorough understanding of the current tax law and how it [...]
Tax Day is almost here. With just a few days to go, there are still steps you can take to get prepared, from filing extensions to maximizing deductions. Wealth Manager Brian Tullio shared some advice with MarketWatch on what to do now for those who haven’t filed yet. “Using your prior year tax return as [...]
If you sold a home in 2024, you may be eligible for certain exclusions or deductions this tax season. In a recent USA TODAY article, Wealth Manager Brian Tullio shared valuable information on how selling a home you inherited may impact your taxes. Click here for the full article.
The purchase of your first home is often the start of a new, exciting, and memorable chapter in life. For first-time homeowners who purchased in 2024, there may be tax advantages available as tax season approaches. Wealth Manager Brian Tullio was featured in a recent USA TODAY article by Andrea Riquier where he shared insight [...]
When using qualified charitable distributions to fund charitable gift annuities, it’s important to plan carefully to maximize tax benefits. Wealth Manager Brian Tullio provided insight on funding CGAs with QCDs in a recent Financial Advisor Magazine article. “Once a donor funds a CGA with a QCD, whatever the remaining funding limit is must be used [...]
The end of 2024 is quickly approaching, which means it’s time to start preparing for the upcoming tax season. Tax-loss harvesting is an approach you can implement before year-end that may help lower your tax liability and save money in the long run. Wealth Manager Brian Tullio recently shared his thoughts on tax-loss harvesting with [...]
With summer winding down, the end of the year is right around the corner! Now is the perfect time to start year-end tax planning. At Fairway, we’re here to help prepare you for next year’s taxes and guide you toward better financial outcomes. Wealth Manager Brian Tullio was recently featured in an article by GOBankingRates, [...]
Major life events – whether planned or unexpected – can throw a curveball into the financial planning process. At Fairway, we’re well versed in coaching our clients on best practices with their money during significant life milestones like their marriage, purchasing a home, and sometimes even divorce. Wealth Manager Brian Tullio recently spoke with GOBankingRates [...]
