https://laidlawsimon.com Thu, 07 Nov 2024 14:30:07 +0000 en-US hourly 1 https://laidlawsimon.com/wp-content/uploads/2024/03/LSLogo-sky_stacked-70x70.jpg https://laidlawsimon.com 32 32 https://laidlawsimon.com/ny-estate-tax-cliff/ Fri, 08 Dec 2023 12:59:16 +0000 https://laidlawsimon.com/?p=12131 New York imposes an estate tax on New York residents, and on non-residents’ real and tangible personal property located in New York. In 2023, if a decedent’s New York taxable estate is $6.58 million or less, no New York or federal estate tax is due (and if you fall into this category, you can stop […]

The post NY ESTATE TAX CLIFF first appeared on Laidlaw & Simon.]]> https://laidlawsimon.com/what-to-know-about-529-plans/ Fri, 30 Sep 2022 13:56:01 +0000 https://laidlawsimon.com/?p=10746 Overview – Income tax savings:   College savings plans, known as 529 plans, derive from Internal Revenue Code Section 529 which provides income tax benefits for college savings. Investments in 529 plans grow tax-free, and withdrawals are not federally taxable.  Any person (the account “custodian”) can open a 529 account for a beneficiary, so long as […]

The post What To Know About 529 Plans? first appeared on Laidlaw & Simon.]]>