Phyllis Gurwin died in April 2024, age 95. If the name doesn’t ring a bell, maybe this will help: her first husband was Fred Pressman, son of the man who launched Barneys, the onetime posh men’s clothing store in New…
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The Florida homestead exemption deducts a certain amount of assessed value from your primary residence, thereby reducing the property tax you owe on your home. The basic exemption can be up to $50,000. To be eligible for this year’s exemption,…
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Florida homeowners are entitled to a variety of homestead exemptions on their primary property. The exemptions are deducted from the assessed value of the home, thus reducing the homeowners’s annual property tax bill. The basic exemption can go as high…
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If you are 73 or older, still need to take your required minimum distributions from your IRA for this year, and want to contribute to a charitable cause, consider taking your RMD as a qualified charitable distribution (QCD). A QCD withdrawal…
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Most Florida residents know about the homestead exemption, the state’s property tax benefit that reduces the assessed value of a primary residence. Fewer know about homestead portability. When you sell your current home and purchase a new primary residence in…
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Oh My God I’m Getting Older And So Is My Mom on July 18 featured Joseph Karp and Jonathan Karp. The father-son lawyer duo had a lively discussion with host Scott Greenberg about some intriguing topics: why some people are…
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“I figured out why Uncle Sam wears such a tall hat. It comes in handy when he passes it around.” -Soupy Sales As Soupy’s quip suggests, there are taxes for just about everything – including death. Clients doing estate planning…
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Tax filing season begins January 24 and ends on April 18, and the Internal Revenue Service is warning filers that this will be a “frustrating” tax season. Unfortunately, frustration is nothing new for many taxpayers. A recent briefing from the…
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The Biden Administration’s tax proposals have been on the minds of many of our clients. You may be wondering if and how your estate plan will be impacted, and what you should do now to minimize your heirs’ tax liability. …
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Many of the rules governing retirement accounts have changed over the last few years. Now, more changes have arrived or are on the way. Required Minimum Distributions Return In 2021 The Coronavirus Aid, Relief and Economic Security Act, passed in…
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