Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Tax Overhaul's Impact on Homeowners Varies Widely: New York Fed
By Bernice NapachThe impact on homeowners in high-tax states depends on incomes, property taxes, home values and mortgage terms.
February 28, 2018
Tax Cut Calculator Unveiled by Treasury to Verify WithholdingThe calculator, available at irs.gov, can help workers check if too much or too little is being withheld from their pay.
February 16, 2018
NY Governor Proposes Tax Changes to Offset Federal SALT Deduction CapThe new federal limits on state and local tax deductions could cost residents billions a year.
February 13, 2018
7 Questions About Itemized Deductions Under New Tax ActThe 2017 Tax Act made substantial changes to the availability of itemized deductions.
January 26, 2018
Highlighting Tax Law Changes in One PageMike Patton highlights a few of the changes and discusses the potential impact of the 1,097-page Tax Cuts and Jobs Act.
January 26, 2018
3 Governors Say They Will Sue Feds Over New Tax LawNew York Gov. Andrew Cuomo repeated his criticism that the federal tax overhaul approved by Congress in December and signed by Trump is illegal.
January 25, 2018
State Tax Workarounds Could Punch $154 Billion Hole in Federal BudgetRestructured state taxes could swell the cost of the new tax law.
January 05, 2018
New Tax Law Could Change How Clients Invest: Andy FriedmanThe repeal of the deduction for investment fees, for example, could have a big effect on advisors and their clients, Friedman tells ThinkAdvisor.