Medicare released the 2026 amounts for premiums, deductibles, and other items. The base Medicare premium is increasing almost 10% from 2025, to $202.90/month.
A new study shows that drinking tea and cocoa and eating berries and apples can reduce the vascular health effects in men from prolonged sitting. Let’s hope that also applies to women!
The Supreme Court declined to hear the appeal in a case that would have reopened the Obergefell decision on gay marriage.
The IRS has released guidance for those who received tips or overtime in 2025. One important caveat is that only overtime as defined by FLMA rules is exempt from tax, not all overtime. If your company or union contract defines overtime differently, you will need to make some calculations to determine how much is exempt from tax, making life difficult for tax preparers everywhere.
The IRS has released draft form 1040 instructions, in where it references new form 4547 for reporting contributions to the new Trump savings accounts for children born between 2024 and 2029. Draft form 4547 and instructions have not been released yet.
New Team Member Spotlight: please welcome our new Client Service Representative, Suzan Taha, to the Milestone Team! Suzan graduated from Southern New Hampshire University with a Bachelor of Science double major in math and biology in 2023. We are excited to have her with us!
Taxes and financial planning are complex, but you don’t have to navigate them alone. A financial advisor can help you stay informed about tax law changes, optimize your savings and investments, and avoid costly mistakes. If you need tailored guidance, our team is here to help. Talk to an advisor or call (603) 589-8010 to integrate tax planning into your comprehensive financial strategy.
Disclaimer:
The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.
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Milestone Financial Planning, LLC (“Milestone”) is a fee-only financial planning firm and registered investment advisor headquartered in Bedford, NH. Registration does not imply a certain level of skill or training. Milestone works with clients on an ongoing, long-term basis, providing financial planning, tax planning, retirement planning, and investment management services. Fees are based on assets under management and may include a financial planning fee. Milestone receives no commissions or referral fees and, as a fiduciary, is required to act in clients’ best interests. Advisory services are offered only where Milestone and its representatives are properly licensed or exempt from licensure. More information, including fees and principal risks, is available in Milestone’s Form ADV Part 2A. For help with your investments or financial planning, contact one of our fee-only advisors.
