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 [...]
By: Brian Tullio The low-rate environment of the past several years has been a boon to many estate planning techniques and greatly benefited those looking to tax-efficiently transfer wealth. However, 2022 has brought record high inflation, prompting the Federal Reserve to begin a campaign of interest rate increases in hopes of taming inflation [...]
By: Brian Tullio A great deal of time and consideration is often spent creating an estate plan to protect and provide for your family and loved ones. All too often a single, costly mistake can derail that plan. Below are five such pitfalls and ways to avoid them – do not let these [...]
By: Brian Tullio The American Rescue Plan Act of 2021 was signed into law by President Biden on March 11, 2021. The sweeping $1.9 trillion coronavirus relief package authorizes a multitude of new and expanded economic aid programs to offer assistance to individuals, families, and businesses struggling amidst the pandemic. The following is [...]
