Tax Deductions
News updates about tax deductions advisors should consider for their clients.
November 14, 2017
Byrd Rule Rattles Senate as House Nears Tax Bill VoteDrafters may have to make the bill cheaper, or round up at least votes from Democrats in the Senate.
November 14, 2017
11 Facts to Know About Catch-Up ContributionsAs the Senate debates removing tax incentives for extra retirement savings, here are 11 facts to consider about catch-up contributions to retirement plans.
November 08, 2017
Who Wins, Who Loses in House Tax Cut Bill: ReportAnalysis from the Tax Policy Center shows that the top 1% of income earners are the biggest winners but most Americans will pay less.
November 06, 2017
Cornyn Says Senate to 'Start From Scratch': Tax Debate UpdateThe Tax Cuts and Jobs Act bit fight over in Ways & Means might just be the appetizer.
October 30, 2017
GOP Senator Floats Repealing ACA Individual Mandate in Tax BillSome fear trying to mix health policy and tax policy.
October 25, 2017
10 Least Tax-Friendly States in US: 2017Since each state has its own rules on what gets taxed, at which rate and when, there's a lot of variation across the country.
October 24, 2017
The Right Time to Rebalance — and Give to CharityDonating to charity can absorb the tax blow from rebalancing a taxable account, and now is a great time to do it.
October 18, 2017
10 Most Tax-Friendly States: 2017From property taxes to estate and "sin" taxes, there are plenty of ways states can charge you. Kiplinger ranked the states with the best deals.
September 29, 2017
GOP Framework Would Raise Taxes for Many of Your ClientsAnalyses from the conservative-leaning Tax Foundation and liberal-leaning Tax Policy Center agree that those in the 90th-95th percentiles for income would pay more.
September 28, 2017
What GOP Tax Outline Means for Advisors and ClientsThe broad outline excludes details, but still there are items that advisors should start thinking about.