Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Avoid This Mistake When Funding a Backdoor Roth
By William H. Byrnes | Robert BloinkRunning afoul of the pro rata rule can negate much of the tax benefit.
December 13, 2023
10 Overlooked Tax Credits and Deductions for 2023These ways to (legally) reduce clients' tax burdens are well worth year-end discussions.
November 22, 2023
These Tax Cuts Are Sunsetting in 2026. Are Your Clients Ready?A number of potentially far-reaching tax changes are on the horizon.
November 22, 2023
9 Tax-Saving Strategies for Year-End 2023: Advisors' AdviceAdvisors shared some tax planning moves you might not have thought of.
October 20, 2023
IRS Proposes Electric Car Tax Credits for Down PaymentsThe regulations, if finalized, would allow EV buyers to put the tax credit directly toward their purchase.
October 11, 2023
Snowbirding in Retirement: 10 Tax and Planning Facts to KnowOwning multiple residences comes with both potentially large benefits and important tax nuances.
August 03, 2023
2023 RMD Rule Changes: 3 Common Client QuestionsChanges due to the Secure acts can result in confusion. Here's what advisors and clients should know.
July 10, 2023
To Hedge Against Estate Tax Exclusion Changes, Try DisclaimersA sales coach has an idea for helping clients facing the Year 2026 problem.