Welcome to our first issue of Fairman Financial Perspectives, our enewsletter focused on sharing timely financial planning insights.
GEOPOLITICAL TENSIONS
Conflict in the Persian Gulf has spurred modest oil price volatility in recent weeks, but prices didn’t spike to high levels seen during some past conflicts. Here’s an update on current events that are sparking oil price movements as well as some potential effects on the economy. Read More >
TIPS FOR PROTECTING YOUR IDENTITY
Large-scale data breaches are in the news again, but that’s hardly surprising. Breaches have become more frequent—a byproduct of living in an increasingly digital world. Here are some ways to help protect yourself. Read More >
IRS LIST OF TAX SCAMS
The IRS recently issued its annual list of tax scams. The list highlights various scams that taxpayers may encounter, many of which occur during tax filing season. Here are some of the scams that are highlighted on the list. Read More >
NEED TO REVIEW WITHHOLDING
The IRS encourages taxpayers to review the amount of tax withheld to avoid an unexpected surprise when they file their 2019 tax returns. Preliminary 2018 data shows the need to review withholdings to make sure the appropriate amount of tax is being withheld relative to the new tax laws. Read More >
ESTATE TAX CHANGES
The Tax Cuts and Jobs Act doubled the gift and estate tax basic exclusion amount to $11.4 million in 2019. After 2025, the exclusion is scheduled to revert to its level prior to 2018 and be cut by about one-half. The top tax rate for these years is 40%. Read More >
