Tag: Tax
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What does Kraft Capital really do for Clients?
by Clint Kraft
“So, what do you actually do?” This is the most common question I get from people who have read a few of my articles or know that I’m an advisor. Over time, I’ve realized that most people have a limited understanding of what a financial advisor can actually help them with. This is at no…
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The STR (Short-Term Rental) Loophole: What You Need to Know
by Clint Kraft
What if you could buy a rental property, claim a massive tax deduction in year one, and avoid the passive loss limitations that apply to most real estate investors? That’s one of the main benefits of the complex “STR Loophole”: a powerful strategy that allows some short-term rental owners to deduct real estate losses against…
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What You Need to Know about the New Tax Bill (OBBB)
by Clint Kraft
The One Big Beautiful Bill (OBBB) was officially signed into law on July 4th, and it brings a ton of tax changes that impact nearly everyone (870 pages to be exact). While most media headlines are focused on a few flashy points that get people on both political sides fired up, the real takeaways are…
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Death Tax: What You Need to Know
by Clint Kraft
A client asked me last week, “Am I going to get hit with a death tax?” The term “death tax” gets thrown around a lot, and it sounds scary. But here’s the good news: most people won’t ever pay a federal death tax. What Is the “Death Tax” Anyway? When people say “death tax,” they…
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NIL Money: How Athletes Can Manage their Income
by Clint Kraft
Signing your first NIL deal probably felt like a major win, and it is. But what most athletes don’t realize is that once the money hits your account, you’re more than just a student-athlete. You’re now running a business. And like any business owner, the way you handle your money today can set the tone…
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NIL Money at Michigan: Best Moves for Athletes To Manage Money
by Clint Kraft
When you signed your first NIL deal, you probably didn’t expect to become a business overnight. But that’s exactly what’s happened. And just like any business, you need a strategy to manage your money, plan for taxes, and set yourself up for the future. As a financial advisor for NIL athletes, we help people like…
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How I’ll Save a Client $20,000 in Taxes Every Year
by Clint Kraft
Smart tax planning can make a massive difference for many people, especially those with a high income. One of my clients was earning over $400K annually, but was missing out on a few key opportunities to pay less tax going forward. With a couple of strategic moves, I’ll help them save almost $20,000 in taxes…
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5 Reasons People Seek out a Financial Advisor
by Clint Kraft
Personal finance is something everyone has to deal with, yet very few people have gotten any formal education on. As your finances become more complex, you may start to feel uncertain about whether you’re making the right decisions. In these situations, many people turn to a financial advisor to help them create an organized plan,…
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3 Ways to Pay Less Tax Near or in Retirement
by Clint Kraft
As an advisor, one of the most important conversations I have with clients is about tax efficiency in retirement. Many retirees are shocked by how much tax they still have to pay even after their main working years are over. However, careful tax planning is your friend during this time, making it possible to significantly…
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Which College Tax Credits Can I Claim?
by Clint Kraft
If you’re paying for your child’s college education, you may be eligible for college tax credits that can help reduce your tax bill. The American Opportunity Credit (AOC) and Lifetime Learning Credit (LLC) are two key college tax credits that can lower your taxes, but they have their own unique rules and advantages. Let’s break…