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: This is not to be considered investment, tax, or financial advice. Please review your personal situation with your tax and/or financial advisor. Milestone Financial Planning, LLC (Milestone) is a fee-only financial planning firm and registered investment advisor in Bedford, NH. Milestone works with clients on a long-term, ongoing basis. Our fees are based on the assets that we manage and may include an annual financial planning subscription fee. Clients receive financial planning, tax planning, retirement planning, and investment management services and have unlimited access to our advisors. We receive no commissions or referral fees. We put our client’s interests first. If you need assistance with your investments or financial planning, please reach out to one of our fee-only advisors. Advisory services are only offered to clients or prospective clients where Milestone and its representatives are properly licensed or exempt from licensure. Past performance shown is not indicative of future results, which could differ substantially.
