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2. Rich Californians May Lose Access to This Profitable Tax Loophole

   www.aol.com/california-takes-aim-tax-loophole...

   Continue reading → The post California Takes Aim at Tax Loophole for State's Richest appeared first on SmartAsset Blog. ... Fund the trust as a non-grantor trust. This shifts the tax base of any ...

3. Loophole used by super rich to avoid tractor tax unavailable ...

   www.aol.com/news/loophole-used-super-rich-avoid...

   Many family farms will be unable to benefit from a widely used tax loophole to avoid inheritance tax

4. 12 Tax Breaks That Allow The Rich To Avoid Paying Taxes - AOL

   www.aol.com/tax-tricks-loopholes-only-rich...

   Contributions were limited to $3,850 for individuals or $7,750 for family coverage concerning tax year 2023. They’re now $4,150 for individuals and $8,300 for families for tax year 2024.

5. ‘Invest, borrow against it, and die’: Scott Galloway explains ...

   www.aol.com/finance/invest-borrow-against-die...

   In fact, this loophole could allow some individuals to avoid taxes in perpetuity. “Basically it's invest, borrow against it and die, put it into a trust and then pass it on to your kids,” he said.

6. North Carolina Department of Revenue v. Kimberley Rice ...

   en.wikipedia.org/wiki/North_Carolina_Department...

   North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, 588 U.S. ___ (2019), was a United States Supreme Court case in which the Court held that the presence of in-state beneficiaries alone does not empower a state to tax trust income that has not been distributed to the beneficiaries where the beneficiaries have no right to demand that income and are uncertain to ...

7. The Senate is targeting life-insurance policies that allow ...

   www.aol.com/news/senate-targeting-life-insurance...

   The assets also grow within the trust tax-free. The cash value of the PPLI policy assets is held in a separate account, and this cash can be disbursed to the policyholder or invested. Investing in ...

8. Trust Tax Rates and Exemptions for 2022 - AOL

   www.aol.com/news/trust-tax-rates-exemptions...

   Continue reading → The post Trust Tax Rates and Exemptions for 2022 appeared first on SmartAsset Blog. ... Or you might put the family home into a trust, creating a legal entity that will own ...

9. Tax Tricks and Loopholes Only the Rich Know

   www.aol.com/finance/tax-tricks-loopholes-only...

   Contributions were limited to $3,450 for individuals in the tax year 2019, or $6,900 for family coverage. Report your HSA contributions, calculate your deduction, report distributions and figure ...