Here's the thing about estate planning: most people don't think about it until it's too late. The stepped-up basis provision has been quietly saving families billions in taxes for decades, acting as a ...

I recently completed my third 20 county tour across Iowa’s 1st Congressional District to hear more about issues that are top of mind for Iowans. One topic that came up repeatedly was the ...

Stepped up basis can minimize the tax bill. Basis is a key concept to understand here. Let’s say you bought a bunch of stock for $100,000 and a few years later sold it for $250,000. To understand how ...