LMC - Resources

March 8, 2023 | News

Selling Your Personal Residence: Full and Partial Home Sale Exclusions

Before you sell your home, it's important to understand the tax implications. There's a good chance that the profit from your home sale will not be taxable. Unmarried individuals can exclude up…

March 8, 2023 | News

IRS Clarifies Federal Taxes and State Payments

The IRS has recently announced that "in the interest of sound tax administration and other factors," taxpayers in many states will not need to report various payments on their 2022 tax returns.…

February 3, 2023 | News

New Regulations to 529 Plans

Under legislation signed into law last month with the passage of the Setting Every Community Up for Retirement Enhancement (“SECURE 2.0”), investors can roll up to $35,000 from a 529 account into…

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