Tax Deductions
News updates about tax deductions advisors should consider for their clients.
SALT Deduction Cap Talk With Trump ‘Positive,’ Lawmakers Say
By Nacha Cattan and Billy HouseThe meeting held Saturday focused on the $10,000 cap set to expire for tax years after 2025.
January 03, 2025
These 9 States Cut Income Tax Rates for 2025The lower rates became effective Jan. 1, according to the Tax Foundation.
December 31, 2024
What Clients Really Ask Accountants About AnnuitiesThe classics, like tax benefits or income deferral, never go out of style.
December 30, 2024
How an Advisor Helps U.S. Expats Navigate Taxes, PlanningArielle Tucker says she provides tailored solutions to help expat clients feel more confident about their futures.
December 27, 2024
Inflation Spells Significant 2025 Tax AdjustmentsChanges will apply to standard deduction amounts, marginal rates and various credits beginning in tax year 2025.
December 21, 2024
Biden Signs Anti-Shutdown Bill With Some Medicare Funding ProvisionsThe final American Relief Act excludes the Medicare plan directory and cancer blood test provisions.
December 13, 2024
10 Worst Cities for Property TaxesHere's where homeowners pay the most, relative to their home values, according to SmartAsset, which examined 342 cities.
December 04, 2024
Ed Slott: Big Moves Clients Should Not Make Before Year-EndAmong Slott's suggestions: Stop telling clients to beef up their 401(k)s and IRAs.