Tax Deductions
News updates about tax deductions advisors should consider for their clients.
IRA Cheat Sheet: How to Avoid RMD Penalties, Minimize Taxes Before Year-End
By William H. Byrnes | Robert BloinkFailure to act by Dec. 31 can result in stiff penalties and missed opportunities for tax savings.
October 04, 2022
11 Confusing Annuity Tax Rules Financial Advisors Should KnowAre you advising your clients correctly when it comes to taxes related to their annuity investments?
September 30, 2022
Don't Let a Simple Mistake Foil Your Client's QCD PlansFailure to follow the rules can result in loss of the tax benefits associated with qualified charitable distributions.
September 29, 2022
10 Best & Worst HSAs for Investing: 2022Morningstar ranked 10 major providers on factors like fees and the quality and variety of investments.
September 21, 2022
IRS: Improperly Forgiven PPP Loans Are TaxablePPP loans forgiven based upon misrepresentations or omissions can't be deducted from income, the IRS said.
September 08, 2022
Debate: Should Tax Deferrals From Opportunity Zone Investments Be Extended?Two professors discuss delaying the taxation of these capital gains through 2028.
September 01, 2022
Will the Inflation Reduction Act Push Employers Away From Sponsoring Health Plans?It's possible that the new rules for claiming the premium tax credit could be made permanent.
August 26, 2022
Debate: When Is Workplace Health Insurance 'Unaffordable'?Two professors discuss the likely effects of reducing the income threshold for an Affordable Care Act tax credit.