Thomas Williams

HighDeliveredAdvisory client

PartnershipHNWMarried filing jointlyCAJulian RhoQuarterlyReturn missing

Est. current income

$680,000

vs $615,000 prior year

Effective rate

25.3%

Marginal bracket

35%

Dec 31 hard stops

Thomas Williams

2026 Year-End Planning Summary

Dec 31 stops

~$16,275+ of federal tax addressed by electing California's pass-through entity tax before year-end.

Est. income

$680,000

vs $615,000

Effective rate

25.3%

Marginal

35%

Key changes

flagged

What the plan contributes

Each move as a range, stepping down from the current-path liability.

$172,040

Current path

California PTET election — restore SALT-cap deductibility on K-1 income
$16,275

Addressed by the plan

1 of 1 quantified

$16,275–$16,275

leaves $155,765–$155,765

1. Current-Year Action Items

Time-sensitive moves before December 31.

2. Long-Term Opportunities

Multi-year planning to revisit beyond this season.

Elan

Grounded on Thomas Williams

Nothing outstanding for Thomas Williams right now.

Elan brought this to you

Nothing needs you for Thomas Williams right now.

Thomas Williams

Thomas Williams

What the plan contributes

1. Current-Year Action Items

California PTET election — restore SALT-cap deductibility on K-1 income

2. Long-Term Opportunities

Thomas Williams

Thomas Williams

What the plan contributes

1. Current-Year Action Items

California PTET election — restore SALT-cap deductibility on K-1 income

2. Long-Term Opportunities