Timing Is Everything in Tax Planning
Mastering the art of timing can be a powerful tax planning tool. Simply filing and paying on time can make a significant difference. So can managing the timing of asset purchases, capital gains and losses, and deductions. Consider the following ways timing can reduce your tax bill: Failure-to-file and late payments. It’s critical to understand […]
How Banks Are Tapping into Artificial Intelligence
You may be experimenting with ChatGPT and other AI, and so is your bank. Financial institutions are incorporating AI into their services, but the road to innovation is fraught with risks. “AI systems have been widely used for years, with banks spending billions to automate functions like trading, risk management, fraud detection and investment research. […]
2024 Tax Adjustment Highlights
The 2024 tax thresholds, brackets, and rates you’ll use to file your taxes during the 2025 tax season have just been released. Here’s how they panned out: About 90% of taxpayers claim the standard deduction when tax time rolls around. For tax year 2024, the standard deduction for married couples filing jointly rises to $29,200, […]