Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
12 States With the Highest Top Income Tax Rates: 2025
By Allison BellSome jurisdictions want more than 10% of the earnings over a certain threshold.
February 20, 2025
IRS Plans to Lay Off Thousands: ReportWorkforce reductions could start any day now, according to The Associated Press.
February 19, 2025
Trump Backs $4.5T Tax Cut in House GOP Budget PlanThe president wants to "kickstart" all Republican priorities at once, he says.
February 18, 2025
LPL Unveils Exit Planning Capabilities for Business Owners and CEOsWith 12 million small businesses set to be sold through 2035, such tools are in high demand.
February 18, 2025
IRS Memo Sets Stage for Musk Staffer to Access Taxpayer DataThe IRS is poised to hand over unlimited access to taxpayer data to an advisor from Elon Musk's DOGE.
February 14, 2025
Ed Slott: Roth Conversion Changes in Trump Tax-Cut Law Are Here to StayThe 2017 tax changes may have an expiration date, but the Roth recharacterization limits do not.
February 12, 2025
AARP Makes the Republican Case for Adding a Caregiver Tax CreditGOP survey takers liked the idea almost as much as they liked eliminating taxes on Social Security benefits.
February 12, 2025
House GOP Takes First Step Toward Tax Cuts, Debt Limit IncreaseThe plan requires $1.5 trillion in cuts over a decade in programs like Medicaid and SNAP.