Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Top 12 Overlooked Tax Deductions: 2021
By Michael S. FischerDon't let your clients leave tax breaks on the table.
December 04, 2020
IRS: Business Expense Tax Deductions and PPP Loan Forgiveness Don't Mix (Usually)There are limited circumstances in which "double dipping" by PPP loan borrowers is allowed, according to IRS guidance.
September 16, 2020
Biden's Plan Would Create Payroll Tax 'Donut Hole'The tax, which funds Social Security, would be expanded to the highest earners under Biden's tax plan.
June 26, 2020
5 Ways Advisors Can Ease Clients' Tax Concerns NowWith the July 15 tax deadline looming, a TD Wealth senior trust advisor points to ways investors' tax burdens can be lightened.
May 12, 2020
House Democrats Unveil $3 Trillion Aid Bill With Cash for StatesThe bill includes more cash payments and tax changes; Republicans signaled that they're in no rush.
April 10, 2020
What Your Clients Don't Know About Tax Law Changes Can Hurt ThemA survey of taxpayers found that mistakes on tax returns are extremely common.
February 20, 2020
Taxpayers Still Confused About 2017 Changes: SurveyThree-quarters of taxpayers are unaware of more recent tax-related laws like the Secure Act, according to an audit defense firm.
December 19, 2019
House Passes Temporary Repeal of SALT Deduction LimitThe bill doubles the cap for the 2019 tax year and repeals it for 2020 and 2021.