Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
SALT-Expansion Dreams Die as Biden Tax Bill Heads to House
By Laura DavisonDemocrats had threatened to tank the bill if it failed to include the valuable tax break, which largely benefits those in high-tax states like New York and California.
August 07, 2022
Winners and Losers in Democrats' Signature Tax and Energy BillHere's a look at which groups and politicians come out on top and who takes a hit from the landmark bill, which now moves to the House.
August 07, 2022
Senate Passes Landmark Tax, Drugs and Climate BillThe legislation aims to prevent large firms from exploiting tax breaks and to let Medicare negotiate drug prices.
August 05, 2022
Wealthy Americans Escape Tax Hikes in Bill But Would Face Beefed-Up IRSTop-earners should prepare for audit levels not seen in decades, including reviews of complex financial dealings like cryptocurrencies and offshore investments.
August 05, 2022
Democrats Drop Carried Interest, Paving Way for Tax VoteBut lawmakers will add a new 1% excise tax on stock buybacks, while altering a 15% minimum tax on corporations.
August 04, 2022
Deal Reached on Tax Bill, Schumer SaysThe final version of the reconciliation bill will be introduced Saturday, Schumer said.
August 04, 2022
Jeffrey Levine: 5 Secrets to Making the Most of a Last-Ditch Income StrategySOSEPPs, also known as 72(t) payments, provide early access to retirement savings, but the hazards are many.
August 04, 2022
Your Client Left Their Job. What Should They Do With Their 401(k)?The best strategy will vary by client and may involve a combination of tactics.