Travel Medical Insurance Webinar
Join Milestone Financial Planning along with Heidi Bunnell of Affordable Health Solutions LLC on June 10th, 2026 at 12pm EST for details on travel medical insurance, including when you may need it, what is (and isn’t) covered, and how to choose the right plan.
If you were unable to attend our recent webinar on May 12th with Bob Gertie of Advisor Insurance Resource, you can watch it on our website, here. Bob gave a fantastic overview of today’s long-term care landscape and how it may impact your overall financial plan.
Recent Court Case Can Result in Tax Refunds
A recent court case allows that penalties and interest incurred from 1/20/2020 – 7/10/2023 during the Covid federally declared disaster may be eligible for refund. To claim the refund, you would file form 843 with an original (wet) signature by July 10, 2026. There are no extensions, so if you paid significant interest or penalties during that period, contact your tax preparer regarding filing the form as soon as possible. (Read more about Kwong here).
Millionaires Taxes
Several states have instituted so-called “millionaire’s taxes” (often structured as a surtax or additional bracket that applies once income exceeds a high threshold). Examples include Massachusetts’ 4% surtax on taxable income over $1 million; New York’s higher-rate brackets for high earners; New Jersey’s additional top-rate bracket(s); California’s additional mental health services tax on certain income over $1 million ; Maine’s new millionaire’s tax effective 1/1/2026 and Washington’s millionaire’s tax. Because thresholds, definitions of taxable income, and phase-ins can change, check the official state guidance and coordinate with your tax preparer before relying on the rules.
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 material is provided for educational and informational purposes only and is not investment, tax, legal, or financial advice. It does not consider any individual’s investment objectives, strategies, tax situation, or time horizon, and it is not an offer to sell or a solicitation to buy any security. Financial aid rules, tax laws, and school policies change frequently and vary by institution; figures cited are as of October 2026. Investing in a 529 plan involves risk, including the possible loss of principal. Before investing, review the plan’s offering documents for its investment objectives, risks, fees, and expenses, and consider whether your home state offers tax benefits only for its own plan. Please review your personal situation with your tax and/or financial advisor before acting.
Views expressed are subject to change based on market and other conditions. Any projections, market outlooks, estimates, or other forward-looking views are based on assumptions, are not indicative of future performance, and actual results may differ materially. Information is obtained from third-party sources believed to be accurate, but Milestone makes no representation as to its accuracy, completeness, or timeliness and accepts no liability for decisions based on it. Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal.
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.
