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 [...]

While some stock fund managers have faced challenges in maintaining value over the last decade, others have consistently outperformed their benchmarks or peer groups. Senior Associate Wealth Manager Daniel Shomper, CFP® offered his thoughts on the managers at Dodge & Cox in a recent article by U.S. News & World Report. “Using a committee structure [...]

Alternative investments such as real estate, art, and venture capital are becoming even more attractive to high-net-worth clients. However, these investments may come with tax complications. Wealth Manager Dina Powers was recently featured in a Financial Advisor Magazine article discussing how alternative investments impact tax filings and what moves clients may need to make to [...]

If you have experienced losses due to a federally declared natural disaster, there may be tax implications to consider. Mark Weiskind, CFP, CPA/PFS (inactive) was featured in this Barron's article discussing how to claim a casualty loss and what steps you might need to take this tax season. Click here for the full article.

Paying your tax bill on time is an essential step in closing out each tax season. The IRS offers several payment methods to keep the process as simple and as easy as possible. Senior Associate Wealth Manager Daniel Shomper, CFP® provided insight on some payment methods, including IRS Direct Pay – one of the easiest [...]

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 [...]

Wealth accumulation often comes at a cost: higher taxes. However, there are ways investors with over $500k can lower their tax burden while growing their wealth. Manager of Wealth Management Services Franco DiLiberto shared insight into direct indexing and tax-loss harvesting as tax strategies for the wealthy. “Tax-loss harvesting involves taking advantage of opportunities to [...]

Tax season has begun! While the deadline to file isn’t until April 15, take the time now to get prepared so you can avoid any unnecessary stress. Wealth Manager Dina Powers shared with GOBankingRates some of her recommendations for tax season preparation. “Create both electronic and paper folders to collect and organize your tax documents [...]

With January coming to a close, many Americans are receiving tax documents (such as W-2 forms) due to them at the end of the month. And as they prepare to file, at Fairway, we know most taxpayers are considering the credits and deductions available to them – from the earned income tax credit to the [...]