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Your Bank > Education and Advice > CNB University

Taxes

Title
Date
Feb 26, 2014
Women and Estate Planning Basics

When it comes to estate planning, women have unique concerns. The fact is that women live an average of 4.8 years longer than men. That's important because it means that there's a greater chance that you'll need your assets to

Feb 26, 2014
Feb 24, 2014
Strategies to Consider to Reduce your Tax Bite

Although tax season is still a short time away, tax planning is a step you should take in advance of year end. Waiting too long can rob you of the opportunity to implement strategies that can help reduce your income

Feb 24, 2014
Jan 03, 2014
Important Tax Facts to Consider for the New Year

Tax changes for higher income earners Starting with 2013 tax year a new 39.6% federal income tax rate applies if your taxable income exceeds $400,000 (single) or $450,000 (married filing jointly). If you cross that threshold, a new 20% maximum

Jan 03, 2014
Nov 13, 2013
Helping the Taxman to a Smaller Bite

Too soon to be thinking about income taxes? Not if you want to reduce your 2013 tax obligation. Waiting too long can rob you of the opportunity to use strategies, such as those below, that may help lower your bill

Nov 13, 2013
Nov 12, 2013
Education Tax Breaks: A Refresher Course

It’s back to school season. If you’re helping a child pay for college or taking some college courses yourself, study up on these tax breaks. Two Credits for Higher Ed Expenses The American Opportunity Tax Credit is available for the

Nov 12, 2013
Sep 26, 2013
Exit Strategies for a Family Business Owner
The manager of a family business who is considering retirement often has four goals: paying as little in taxes as possible, keeping the business in the family, treating heirs fairly, and ensuring competent successor management. But achieving these goals is often a challenge. A business exit must be custom fitted to your financial situation and your desires for management succession. The following are some possible strategies that you may want to consider — with the help of your professional advisors.
Sep 26, 2013
Jul 10, 2013
Federal Estate Tax Exemption — “Permanent” and Portable

When estate taxes hit, they can hit hard. So taxpayers can take a lot of comfort in the fact that the American Taxpayer Relief Act (ATRA) dated January 3, 2013 has set the federal estate tax exemption at $5.25 million

Jul 10, 2013
Oct 15, 2012
Year-end Tax Planning Opportunities

Time may be running out to take advantage of favorable tax rates. In 2013, income , gift , and estate tax rates are scheduled to increase under current law. Here are some tax planning opportunities you may want to consider

Oct 15, 2012
Sep 24, 2012
Estate Planning for the 21st Century

There’s a new wrinkle in estate planning these days planning for the disposition of virtual (or digital) assets. Most people understand the importance of having a will stating who will inherit their physical assets when the time comes. Expanding your

Sep 24, 2012
Sep 17, 2012
Is a Revocable Living Trust Right for You?

You’ve probably seen the advertisements touting the creation of a revocable living trust as a good way to avoid probate. And for some people it is. However, it may not be appropriate for everyone or for every situation. Probate is

Sep 17, 2012
May 07, 2012
CRT - Does It Stand for “Can Reduce Taxes”?

Maybe it should stand for “can reduce taxes,” but CRT is short for charitable remainder trust. By using a CRT to donate appreciated assets to a charity, you get to take an income tax deduction and receive a lifetime income

May 07, 2012
Apr 27, 2012
Looking for Ways to Minimize Taxes for Next Year?

Domicile Your Trust Assets in Florida Whether you are a seasonal or permanent resident of Florida, or not at all, this tax friendly State does not impose income, estate, gift, intangibles, or generation skipping transfer (GST) taxes. Talk with us

Apr 27, 2012
Mar 05, 2012
Ways to Limit Taxes on Social Security Benefits

You know that you are eligible to begin receiving Social Security benefits as early as age 62. But are you aware that depending on your income those benefits could be taxable? Wouldn’t you like to increase your net income (after

Mar 05, 2012
Jan 12, 2012
Save Taxes By Having a Self-Employed Retirement Plan

Retirement security is a concern for everyone. But when you’re self employed, you really have to think about the future. Just as you’re responsible for generating your own income now, you’re going to be pretty much on your own during

Jan 12, 2012
Jan 11, 2012
Changing Jobs? Remember Your Retirement Plan Account

You’ve cleaned out your desk and said goodbye to your coworkers, and now you’re eager to start that new job you’ve accepted. But aren’t you forgetting something? What about the assets you have in your employer sponsored retirement plan account?

Jan 11, 2012
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