The purpose of estate tax planning is to maximize the assets you pass on to future generations by minimizing gift and estate taxes. Estate-tax strategies revolve around the use of irrevocable trusts. This article discusses the most common types of irrevocable trusts that are used to minimize gift and estate […]
The tax world changed on January 1, when Congress’s new, aggressive green energy tax incentives came online. These new tax benefits — massive credits, depreciation, and revenue from solar infrastructure investments — have, unsurprisingly, been popular.
We are working hard to streamline the process of buying into tax-advantaged solar projects, and part of that effort is making sure that you understand the benefits and potential returns of this strategy. And this week, we’ve shipped a key tool that will help with that effort: A solar tax credit calculator. The new tool has several key features.
Simple. There are very few moving parts with solar investing. You can invest as much as you want, subject to a minimum investment requirement and a cap on the amount of depreciation you can claim. You can write off ordinary income and AMT, active income and passive. The only real question is your effective tax rate and, therefore, how much you’ll save with each dollar invested in solar projects. This calculator captures that simplicity: Just enter a couple of details about your income and expected return on your other investments, and we’ll show you how much your family could earn with solar investing over time.
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Visual. The solar story is simple: Will your family end up with more money by investing in solar and drastically reducing your taxes today, or will you be better off eating that large tax bill now and reinvesting the remaining capital in other assets? Our calculator will show you the answer in two forms: As a time series chart and as a table that demonstrates the returns from pursuing solar investing. Whether you’re a math person or a visual learner (or both!) you’ll learn what you need to know on one or two screens.
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Flexible. There are several forms of solar investment available. The most important distinction is between the simple version — you invest a dollar, it goes into a project, and you get the dollar-for-dollar benefits — and the leveraged version — you invest a dollar, three dollars go into the project, and you get three times that tax savings. Our calculator allows you to model and compare each of these possibilities. We hope this new tool is helpful. If you earn significant income from a business, a high-wage job, or anywhere else, consider making this your first stop. If you’re planning to reduce the taxes on other forms of income, meanwhile, check out our guided planning tool, which can help you identify the right strategy for your situation. And, as always, if you have questions about how to use our tools, or about tax planning in general, don’t hesitate to get in touch via email or set up a call with our team of experts.
We’ve built a platform to give everyone access to the tax and wealth-building tools typically reserved for wealthy individuals with a team of accountants and lawyers. We make it simple and seamless for our customers to take advantage of these hard-to-access tax-advantaged structures. With Valur, you can build your wealth more efficiently at less than half the cost of competitors.
From picking the best strategy to taking care of all the setup and ongoing overhead, we make things simple. The results are real: We have helped create more than $3 billion in additional wealth for our customers. If you would like to learn more, please feel free to explore our Learning Center. You can also see your potential tax savings with our online calculators or schedule a time to chat with us!
