Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Will the Inflation Reduction Act Push Employers Away From Sponsoring Health Plans?
By Robert Bloink | William H. ByrnesIt's possible that the new rules for claiming the premium tax credit could be made permanent.
August 23, 2022
Debate: How Should the IRS Treat Excess Business Losses?Two professors discuss stretching the limits on these losses for two more years through the Inflation Reduction Act.
August 18, 2022
Inflation Reduction Act Could Spark Surge in Some Home ImprovementsThe Inflation Reduction Act contains some pleasant surprises for taxpayers interested in making certain changes to their homes.
August 08, 2022
SALT-Expansion Dreams Die as Biden Tax Bill Heads to HouseDemocrats had threatened to tank the bill if it failed to include the valuable tax break, which largely benefits those in high-tax states like New York and California.
August 08, 2022
A Game Plan for 'Overnight Millionaires'Newly rich families have five core needs that advisors should address when creating a comprehensive financial plan.
July 28, 2022
Manchin Spurns SALT-Cap Expansion in Economic Agenda BillThe writeoff is politically important in high-tax areas including New York, New Jersey and California.
July 18, 2022
2 Ways Secure Act 2.0 Could Help Small BusinessesA "Starter 401(k)" provision would give the smallest businesses an entry point to helping employees save for retirement.
June 28, 2022
COVID-19 Reminded Business Owners About Exit Planning: Steve ParrishA top planner looks at how helping a client sell a firm and retire on its value works today.