Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Tax law changes affecting your clients
By Andrew RiceAgain for this year, we had some tax laws extended by Congress through 2016 or 2019, but some were actually made permanent.
December 17, 2015
House adopts $622 billion plan to revive expired tax breaksThe tax proposal is the first of a two-part deal reached by congressional Republican and Democratic leaders this week.
December 10, 2015
5 Tax-Savings Steps to Take Before Year-EndTime is running out for these tax savings, so remind clients to take action when appropriate but before Dec. 31.
October 22, 2015
IRS Announces 2016 Tax Rates, Exemptions; Boosts LTC DeductionsLow inflation leads to slight increases for top income tax rate and estate tax exclusion, but higher deductions for eligible long-term care premiums.
September 11, 2015
Jeb Bush tax plan leaves some of the biggest breaks untouchedJeb Bush's proposal to reduce taxes by $3.4 trillion over a decade leaves untouched tax breaks for health care, retirement and life insurance.
September 11, 2015
Jeb Bush tax plan leaves some of the biggest breaks untouchedJeb Bush's proposal to reduce taxes by $3.4 trillion over a decade leaves untouched tax breaks for health care, retirement and life insurance.
May 13, 2015
Planning opportunities on a client’s 1040: deductionsIdentifying all possible deductions will reduce a client's income tax liability and allow them to build wealth more rapidly.
May 13, 2015
Planning opportunities on a client’s 1040: deductionsIdentifying all possible deductions will reduce a client's income tax liability and allow them to build wealth more rapidly.