GPKLEG Blog

The gift tax annual exclusion allows you to transfer up to $19,000 (for 2026) per beneficiary gift-tax-free, without tapping your

Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes

If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income

A Crummey trust provides a key tax benefit of an outright gift without some of the downsides. Although the mechanics

The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the

Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will

Planning for the end of life is never easy, but including your funeral and memorial wishes in your estate plan

Year-round tax planning generally produces the best results, but there are some steps you can still take in December to

Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at

A qualified terminable interest property (QTIP) trust can be a valuable estate planning tool if you have a blended family.

If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses,

Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more