Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
IRS to Hike Interest Rates for Q4
By Melanie WaddellA 6% overpayment and underpayment rate will apply to most taxpayers starting Oct. 1.
August 12, 2022
12 States High Earners Are FleeingNot surprisingly, the states with the biggest net losses of high-income households are traditionally viewed as high-tax states.
August 12, 2022
What Democrats, Republicans Think of 12 Parts of the Inflation Reduction ActPublic policy researchers found much common ground in the legislation among Americans across the political spectrum.
August 10, 2022
Billionaire Minimum Income Tax Act Introduced by House DemocratsHouseholds worth over $100 million would have to pay at least a 20% tax on their full income, including unrealized gains.
August 10, 2022
Social Security COLA for 2023 Estimated at 9.6%While lower than last month's 10.5% prediction, it would be the biggest increase since 1981.
August 09, 2022
States Slash Taxes Most in DecadesThe state-level largesse is being financed by a broad-based jump in tax collections in the wake of the pandemic, a survey finds.
August 09, 2022
Kitces: Why Advisors Must Specialize NowThe average annual income of a traditional financial advisor is 12% less than a niche advisor's, he says,
August 09, 2022
IRS Gives 3-Year Extension on Secure, CARES Act AmendmentsIt's giving "retirement plan sponsors and IRA custodians more time to amend their documents," Ed Slott says.