Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Can a Reverse Rollover Reduce Your Client's Tax Bill?
By Robert Bloink | William H. ByrnesA reverse-rollover strategy can allow clients to minimize taxes on Roth conversions or avoid RMDs.
June 01, 2022
How to Help Retirees Avoid Tax Traps in Social Security, Capital GainsJoe Elsasser, founder of software maker Covisum, walked through how the interaction of tax rules can create planning opportunities.
April 20, 2022
SALT Deduction Cap Stays in Place After Supreme Court Rejects New York ChallengeThe court declined to review a constitutional challenge to the $10,000 cap on state and local tax deductions set by Congress in 2017.
April 18, 2022
Backdoor Roth IRA Conversions: Beware the Pro Rata RuleMisunderstanding this rule is one of the biggest dangers clients face with backdoor Roths.
March 30, 2022
This COVID Tax Credit Could Limit Business DeductionsThe employee retention tax credit could limit Section 199A deductions for pass-throughs above a certain income threshold.
March 23, 2022
5 Ways to Lower RMDs, Help Clients Reduce Medicare SurchargesStrategies to trim required minimum distributions can lessen the impact of income-related monthly adjustment amounts, or IRMAAs.
February 18, 2022
7 Tax Benefits of Real Estate InvestingReal estate investors can benefit from a number of deductions, credits and other tax perks.
February 16, 2022
Ed Slott: Hold Off on Backdoor Roths, and More Tips for Tax Season in 2022The IRA and tax whiz offers guidance for advisors dealing with legislative uncertainty, RMD changes and other challenges.