President Trump unveiled a budget proposal for the 2021 fiscal year. Of note, the income tax and estate tax cuts provided in the Tax Cut and Jobs Act of 2017 which are scheduled to expire on January 1, 2026, are being extended in this proposal to 2035. This includes the increased estate tax exemption of $11 million per person, plus annual cost of living increases. It remains to be seen how Congress will respond to this proposal.
Memorial Day marks the start of summer for many people, and in addition to boating…
O’Neil Cannon is pleased to announce that John “Jack” McNally has joined the firm as…
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The transfer portal and NIL (name, image, and likeness) payments have recently significantly changed the…
Spring is the season for cleaning and organization—and it can also be a good time…