Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
10 Long-Term Care Insurance Tax Facts to Know
By Emily HolbrookHere's what financial planners should know about the tax implications of long- and short-term care insurance.
August 20, 2021
Biggest Tax Hike on Wealthy Since 1993 Is Bogged Down in CongressThe tax-writing panels in the House and Senate have until Sept. 15 to finish writing the details of the tax-raising package.
August 19, 2021
Biden Plan Protects 97% of Small Businesses From Income Tax Hikes: TreasuryFew small-business owners fall in the top tax bracket, and many have benefited from tax credits in the American Rescue Plan, the White House says.
August 19, 2021
American Express Teams With Startup on Financial Planning Tool: Tech RoundupAlso, RIA Altium Wealth Management has introduced Altelligence, a new investment platform.
August 19, 2021
Orion Makes Planning Tool Available for Free to Advisors Working Pro BonoThe move is intended to "encourage advisors to volunteer their expertise in a time of extraordinary need," the firm says.
August 18, 2021
House Budget Chair Lays Out Next Steps for Tax, Spending BillThe House plans to vote next week on the Senate-passed budget resolution.
August 18, 2021
U.S. Households Paying No Income Tax Hit 61% of Total Last YearThe number of households owing nothing came in at 106.8 million, up from 75.9 million in 2019, the Urban-Brookings Tax Policy Center found.
August 18, 2021
Retirement Bill Is 'Fatally Flawed,' Kitces' XY Planning Tells LawmakersThe Retirement Security and Savings Act would allow steering of plan participants into higher-cost proprietary investments, Kitces said.