EverPar Advisors

The Historic Rehabilitation Credit gets a lot of attention, but it is not the only transferable tax credit available in Oklahoma.

Oklahoma is an energy-producing state, and there are a number of energy-related credits that can be purchased by qualifying taxpayers, including the coal credit and others that have been added through state legislation over the years.

The landscape shifts as programs are added, modified, or sunset, which is exactly why staying current on what is available matters.

At Everpar, we work with a significant number of clients in the oil and gas industry, and this conversation comes up regularly.

When we identify someone who may be a fit, we bring in a CPA early so the planning is done right.

Our latest video with Courtney Hoffman, CFP®, AAMS™ and Shawn Alexander, CPA covers the full picture.

Visit the EverPar insights page at everpar.com for the full video.

Oklahoma has offered the Historic Rehabilitation Credit for decades, and it is one of the clearest examples of how transferable tax credits actually work in practice.

A developer rehabilitates a historic building in downtown Tulsa. The Oklahoma credits come out to $1,000,000. The developer wants that value in cash now so they can move on to their next project, so they sell the credit at a discount. You purchase $1,000,000 in credits for roughly $950,000. That is an immediate $50,000 in savings, plus the full credit applied to your Oklahoma tax bill.

There are compliance considerations involved, and this is not a strategy to pursue without your CPA. But for the right person, it is worth understanding.

In our latest video, Courtney Hoffman, CFP®, AAMS™ sat down with Shawn Alexander, CPA to walk through this example in detail and explain how the process works from start to finish.

Check out our insights page to watch the full video.

Most people have heard of tax deductions. Fewer people have heard of transferable tax credits, and even fewer understand that you can actually purchase them.

Here is the concept: A developer or investor earns a tax credit through a qualifying project. Rather than waiting years to use it themselves, they sell it. As the buyer, you pick it up at a discount, typically 94 to 96 cents on the dollar. That means you are buying a dollar of tax savings for less than a dollar.

There is no universal rulebook for these credits. Each one operates under its own set of regulations, which is why having the right CPA and financial planner in your corner matters.

In our latest video, Courtney Wulf Hoffman, CFP®, AAMS™ sits down with Shawn Alexander, CPA to walk through how this works, what is available in Oklahoma, and who it applies to.

Visit our insights page at everpar.com to watch the full video.

When you file your taxes as a retired public safety officer, the letters PSO need to appear next to line 5B on your 1040. That's how you claim the $3,000 healthcare exclusion. Miss it, and you leave money on the table.

Tax software will usually walk you through it, but a fair number of CPAs will skip right past it if you don't bring it up yourself. Don't assume it's being handled.

Check out the full video on our YouTube channel or insights page for the complete breakdown from Courtney Hoffman, CFP® on how to file it correctly and what counts as a qualified premium.

Most officers don't realize that a large DROP withdrawal today can quietly raise your Medicare premiums two years from now. That's IRMAA, and it catches a lot of people completely off guard.

The good news? It's not unavoidable. It's plannable. When you coordinate your retirement timeline, your DROP distribution, and your healthcare strategy together, you at least see it coming and can prepare for it.

The window is wide open before retirement. It gets narrow fast after.

Watch the full video on our insights page to see how Ken and Courtney break it all down.

The FOP is actively lobbying Congress to raise the $3,000 PSO healthcare exclusion to $6,000. No guarantees, but if it happens it would be a major win for retired public safety officers everywhere.

In the meantime, the $3,000 exclusion is already on the table and most officers aren't using it. And with SECURE Act 2.0, claiming it is easier than it's ever been.

Watch the full video on our YouTube channel or our insights page to learn how it works and how to make sure you're not leaving money on the table.

Medicare premiums are not fixed in retirement. They adjust based on your income, and the income they look at is from two years prior.

This matters when people make large income moves in their early 60s without realizing the downstream effect.

A Roth conversion, a big IRA withdrawal, or even a pension-to-annuity transfer can trigger what is known as IRMAA, an Income Related Monthly Adjustment Amount that increases what you pay for Medicare starting at 65.

Ken Petrashek, CFP® and Courtney Hoffman, CFP®, AAMS™ cover this in detail in their latest video, including a real client example that illustrates just how significant the impact can be.

Watch the full video on our YouTube channel or visit the EverPar Insights page at everpar.com.