AFA Blog

A Brief History of Estate Taxes

A Brief History of Estate Taxes
A Brief History of Estate Taxes Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded. In 1797, Congress instituted a system of federal stamps that were required on all wills offered f...
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Do You Owe the AMT

Do You Owe the AMT
Do You Owe The AMT?   American educational reformer Horace Mann called education “the great equalizer.” In football, it’s been said that turnovers are the great equalizer. In taxes, there’s also an equalizer of sorts; it’s called the alternat...
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New Retirement Contribution Limits for 2023

New Retirement Contribution Limits for 2023
New Retirement Contribution Limits for 2023 The Internal Revenue Service (IRS) has released new limits for certain retirement accounts for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-bas...
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All Muni Bonds Are Not Created Equal

All Muni Bonds Are Not Created Equal
All Muni Bonds Are Not Created Equal The city of Detroit emerged from bankruptcy in 2014. Still, its previous inability to pay investors left some questioning their long-held assumption about the relative safety of municipal bonds. Without questi...
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How Income Taxes Work

How Income Taxes Work
How Income Taxes Work The Internal Revenue Service estimates that taxpayers and businesses spend about 8 billion hours a year complying with tax-filing requirements. To put this into perspective, if all this work were done by a single company, it...
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