January 2023 ~ Keep this reference card handy! Clicking the link will automatically download a .pdf card of 2023 Key Financial Data, updated by any current legislation.
November 2022 ~ For the fourth year in a row, Seascape Capital advocated for animals in need as an "Animal Angel Sponsor" for the NHSPCA's Auction for the Animals. The NHSPCA helps save the lives of thousands of homeless and helpless animals in-need.
November 2022 ~ Clients and friends of Seascape Capital enjoyed an evening with Mariana Budjeryn at the One Hundred Club for Seascape's client event. Mariana is a regular contributor to CNN, BBC, Al Jazeera, France 24, The Guardian, and other media that seek out her analysis on the war in Ukraine. Please read on to learn more.
October 2022 ~ Medicare's Open Enrollment Period — which runs from October 15 through December 7 — is your annual opportunity to switch your current Medicare health and prescription drug plans to ones that better suit your needs. Read on to learn more.
August 2022 ~ The Seascape Capital Team spent a beautiful Volunteer Day at the Cross Roads House. We support their mission to meet the immediate needs of homeless families and individuals, and to provide them with the tools and guidance they need to successfully return to permanent housing.
August 2022 ~ The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate stock buybacks.
August 2022 ~ A qualified personal residence trust (QPRT) offers an excellent opportunity for homeowners with taxable estates to help reduce federal gift tax and avoid federal estate tax. Please read on to learn more and call us so we can help!
June 2022 ~ The IRS has released the 2023 contribution limits for health savings accounts (HSAs), as well as the 2023 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs). An HSA is a tax-advantaged account that's paired with an HDHP. An HSA offers several valuable tax benefits: (1) You may be able to make pre-tax contributions via payroll deduction through your employer, reducing your current income tax; (2) If you make contributions on your own using after-tax dollars, they're deductible from your federal income tax (and perhaps from your state income tax) whether you itemize or not; (3) Contributions to your HSA, and any interest or earnings, grow tax deferred; (4) Contributions and any earnings you withdraw will be tax-free if used to pay qualified medical expenses. Read on to see the key tax numbers for 2022 and 2023.
May 2022 ~ Grantor retained annuity trusts (GRAT) are estate planning instruments in which a grantor locks assets in a trust from which they earn annual income. Upon expiry, the beneficiary receives the assets with minimal or no gift tax liability. GRATs are most useful to wealthy individuals who face significant estate tax liability at death. In such a case, a GRAT may be used to freeze the value of their estate by shifting a portion or all of the appreciation onto their heirs. Please read on to learn more and call us so we can help!
March 2022 ~ Do you have a Federal Student Loan or family members with student loans? The new Student Debt Relief Plan announced late last month will cancel $10,000 in federal student loan debt for individual borrowers whose income was below $125,000 ($250,000 for married couples) in 2020 or 2021, plus another $10,000 for Pell Grant recipients. Read on to learn more.
