Tax changes that could save you money

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Starting January, 2014, the IRS will implement changes to the limits in gift giving. For estate planning, this means an additional $90,000 will be tax free bringing the exclusion amount from $5,250,000 to $5,340,000. This applies not only to transfers at death, but also to gifts made during life.

Read more about how these higher limits can impact estate planning.

For more information, call Alex Franch at 781.789.7200. WorthTax has locations in Norwell, Dedham, and Weymouth, Massachussetts.
Alex Franch

Mr. Franch is a Tax Specialist and Partner at Joseph Cahill & Associates / WorthTax. He has a diverse background including a Bachelor of Science from Boston College in Mathematics and extensive military service. Mr. Franch is an Enrolled Agent and has eight years of tax preparation experience. He has been serving individuals, families, and businesses for several years with tax and financial planning strategies and is a junior partner with the firm. Mr. Franch is licensed by the Financial Industry Regulatory Authority (FINRA) with a Series 6, 63, 65, and 7, and by the Commonwealth of Massachusetts Division of Insurance.