The Annual Gift Tax Exclusion in 2026: How Families Are Transferring Wealth Tax-Free
By John F. Davenport, Esq. | Davenport & Associates, Norwalk, CT | May 14, 2026 One of the most straightforward and powerful tools in estate planning costs nothing to use, requires no attorney to execute, and most families completely underutilize. It is the annual gift tax exclusion, and in 2026 it allows you to give… View Article
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By John F. Davenport, Esq. | Davenport & Associates, Norwalk, CT | April 23, 2026 Social Security is not just an individual benefit. For married couples, divorced spouses, and surviving spouses, there is a second layer of income that most people either do not know about or do not fully understand: spousal benefits. A Social… View Article
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The New $6,000 Senior Tax Deduction: What Every Retiree Needs to Know
By John F. Davenport, Esq. | Davenport & Associates, Norwalk, CT | April 16, 2026 If you are 65 or older, there is a new senior tax deduction that could save you hundreds of dollars on your federal return, and most retirees do not know it exists yet. The One Big Beautiful Bill Act, signed… View Article
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Americans Think They Need $1.46 Million to Retire. Here Is What You Actually Need.
By John F. Davenport, Esq. | Davenport & Associates, Norwalk, CT | April 9th, 2026 Northwestern Mutual just released their 2026 Planning & Progress Study, and the headline number is getting a lot of attention: Americans now believe they need $1.46 million to retire comfortably. That is up more than 15 percent from last year… View Article
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Inherited IRA 10-Year Rule in 2026: What Every Beneficiary Must Do to Avoid the 25% Penalty
If you inherited an IRA from a parent, spouse, or loved one after January 1, 2020, the rules changed significantly, and many beneficiaries have no idea. The IRS finalized regulations in 2024 that clarified a critical point: if the original IRA owner had already begun taking Required Minimum Distributions (RMDs) before they died, you as… View Article
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Social Security Full Retirement Age Just Changed in 2026: What It Means for You
In 2026, Social Security’s full retirement age officially reached 67 — completing a 42-year transition that began with a congressional reform in 1983. If you were born in 1960 or later, your full retirement age is now 67. That is the final number. It will not go up again under current law. This change affects… View Article
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