Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Act Now on These Expiring Tax Breaks: IRA Charitable Rollovers, Bonus Depreciation
By William H. Byrnes, Robert BloinkYou cant count on Congress to renew tax provisions set to expire at year-end, so get clients to act now, especially on these two items.
March 14, 2013
7 Key Tax Protests That Shook AmericaResisters have tried violence and politics, but the taxes keep rolling on.
March 12, 2013
GOP budget targets PPACA, MedicaidAt issue is the arcane and partisan congressional budget process, one that is unlikely to illustrate a path forward.
March 12, 2013
GOP budget targets PPACA, MedicaidAt issue is the arcane and partisan congressional budget process, one that is unlikely to illustrate a path forward.
March 12, 2013
Mixed News on Changes to Long-Term Care Tax DeductionsThe IRS has increased the amount of LTC insurance premiums that are deductible for 2013. But the news comes with a caveat.
March 11, 2013
More U.S. Taxpayers Filed Returns in 2011 as Pay RoseSalaries and wages increased by 4.1% over 2010, according to the latest IRS statistics bulletin.
March 08, 2013
New Tax Law, Said to Squelch Giving, Could Actually Boost ItAn analysis of the new law as part of the fiscal cliff deal finds that it has negligible effects on the tax incentive for charitable giving. In fact, it increases the incentive to give.
February 01, 2013
7 mistakes to avoid on your 2012 tax returnConsider several frequently missed deductions, including excess Roth contributions and dividend reinvestments, to get the most of your tax return.