The following chart provides some important federal tax information for 2025, as compared with 2024. Social Security/ Medicare 2025 2024 Social Security Tax Wage Base $176,100 $168,600 Medicare Tax Wage Base No limit No limit Employee portion of Social Security 6.2% 6.2% Employee portion of Medicare 1.45% 1.45% Individual Retirement Accounts 2025 2024 Roth IRA Individual,…

IRS Revenue Ruling 59-60 is an essential building block of modern business valuation practice. It identifies “the condition and outlook of the specific industry” as one of the factors to consider when valuing a private business. But how do investors measure industry risk and how does it fit in the valuation paradigm? Value is a…

In nearly every U.S. state, property rights — including estate rights — apply to spouses, whether the marriage is a first or subsequent marriage. Although the laws are complex and can vary dramatically from state to state, you should at least review your estate plan if you’ve remarried to help ensure your assets will go where you…