Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Tax Cut Chances Rise as House Passes Budget Targeting Safety Net
By Erik Wasson and Billy HouseThe blueprint is the first step in bypassing Senate Democrats on tax and spending legislation.
February 21, 2025
Debate: Should Income Restrictions on Roth IRA Contributions Be Eliminated?Taxpayers can use a “backdoor” strategy of funding a traditional IRA and converting those funds to a Roth.
February 21, 2025
12 States With the Highest Top Income Tax Rates: 2025Some jurisdictions want more than 10% of the earnings over a certain threshold.
February 21, 2025
Senate Budget Vote Leaves Hurdles For Trump Tax Cuts, Debt LimitThe Senate voted 52 to 48 to adopt a budget that would permit $340 billion in new spending.
February 20, 2025
What Trump’s Tax Policies Could Mean for ClientsSeveral proposals could affect planning priorities for the near and long term.
February 20, 2025
IRS Plans to Lay Off Thousands: ReportWorkforce reductions could start any day now, according to The Associated Press.
February 19, 2025
Trump Backs $4.5T Tax Cut in House GOP Budget PlanThe president wants to "kickstart" all Republican priorities at once, he says.
February 18, 2025
LPL Unveils Exit Planning Capabilities for Business Owners and CEOsWith 12 million small businesses set to be sold through 2035, such tools are in high demand.