Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
What Biden's $2T Infrastructure Plan Means for Taxes
By Michael A. MoraAlong with higher tax rates on corporations, Biden will focus on high-income earners to help fund the plan, attorneys say.
March 31, 2021
12 States With the Highest Taxes in AmericaWalletHub looked at income, property, sales and excise taxes in each state.
March 30, 2021
The Ten Commandments of Sound Financial PlanningThese common-sense rules can help ease your clients' financial anxiety.
March 29, 2021
IRS Extends IRA Contribution DeadlineContributions to HSAs and Coverdell Education Savings Accounts also are extended to May 17.
March 26, 2021
Employee Retention Tax Credit Extended Through 2021Clients should note the changes that may make the tax credit more valuable, as well as important technical changes.
March 26, 2021
Should the Child Tax Credit Be Paid in Installments? Bloink & Byrnes Go Thumb to ThumbTwo professors debate whether the IRS should make advance payments of part of the child tax credit.
March 26, 2021
IRS Says Face Masks, Hand Sanitizers Are Tax DeductibleIndividuals can deduct items purchased to prevent COVID-19 spread as long as their total medical expenses exceed 7.5% of income, the IRS says.
March 26, 2021
How a CFP Optimizes the 3 Types of Retirement Accounts for TaxesCFP Lauren Oschman tells ThinkAdvisor how she applies a "three-bucket" approach to tax planning and how she's prepping clients for tax hikes.