Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Tax Hikes in House Version of Biden Plan Come to Nearly $1.48T, Panel Says
By Laura DavisonIncreasing the cap on state and local tax deductions to $72,500 from $10,00 would raise about $2 billion over a decade.
November 03, 2021
IRA Holders Can Reap Extra Tax Benefits With This Charitable StrategyQualified charitable distributions are more than a giving strategy; they can help retirees reduce RMDs and taxable income.
November 02, 2021
How to Survive the Last-Minute Tax RushPotential changes in tax laws mean clients might hurry to make changes before end of the year. Be ready.
November 02, 2021
SALT Cap Suspension for 5 Years Emerges as Leading OptionA group in the House has vowed to block Biden's economic agenda until the $10,000 deduction limit is addressed, but Senator Bernie Sanders says such a plan is "unacceptable."
November 02, 2021
Rep. Neal Vows to Fight On for IRA Changes, Secure Act 2.0In Build Back Better talks, lawmakers are "getting closer by the hour; we're still struggling over the SALT cap," he said.
November 02, 2021
14 Rollover Tax Facts to KnowHere's how rollover rules affect QCDs, RMDs, spouses and ex-spouses, and tax-sheltered annuities.
November 02, 2021
How Super-Wealthy Americans Fare Under Biden's New Tax PlanHardest hit are those who make lots of money but have few legal options for sheltering it, like business owners.
November 01, 2021
Manchin Slams Brakes on Biden Plan, Chides ProgressivesBut another Democratic senator says Manchin's remarks don't substantially change the timeline for the $1.75T bill.