Tax Deductions
News updates about tax deductions advisors should consider for their clients.
How Retirees Can Avoid Tax Traps in Social Security, Medicare, Capital Gains
By Razi HechtWell-meaning retirement income moves can often have surprising tax consequences.
April 08, 2021
Ed Slott, American College Launch IRA Planning Course for AdvisorsThe CE-eligible, self-study program covers planning under the SECURE and CARES acts.
January 21, 2021
Yellen Leaves Door Open to Tax Increase on WealthyPlus, the wealthy could be audited at higher rates under her tenure, says the Treasury Secretary-designate.
December 04, 2020
IRS: Business Expense Tax Deductions and PPP Loan Forgiveness Don't Mix (Usually)There are limited circumstances in which "double dipping" by PPP loan borrowers is allowed, according to IRS guidance.
September 16, 2020
Biden's Plan Would Create Payroll Tax 'Donut Hole'The tax, which funds Social Security, would be expanded to the highest earners under Biden's tax plan.
June 26, 2020
5 Ways Advisors Can Ease Clients' Tax Concerns NowWith the July 15 tax deadline looming, a TD Wealth senior trust advisor points to ways investors' tax burdens can be lightened.
May 12, 2020
House Democrats Unveil $3 Trillion Aid Bill With Cash for StatesThe bill includes more cash payments and tax changes; Republicans signaled that they're in no rush.
April 10, 2020
What Your Clients Don't Know About Tax Law Changes Can Hurt ThemA survey of taxpayers found that mistakes on tax returns are extremely common.