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 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.
