Tax Deductions
News updates about tax deductions advisors should consider for their clients.
What Your Clients Don't Know About Tax Law Changes Can Hurt Them
By Michael S. FischerA survey of taxpayers found that mistakes on tax returns are extremely common.
April 10, 2019
Trump SALT Change Isn't Causing People to Flee New York: Moody'sDemocrats had warned that capping the state and local tax deduction could lead to a mass exodus of wealthy taxpayers.
March 18, 2019
Democrat Wants to End Tax Deductions for Some College DonationsSen. Ron Wyden says the federal government should stop perpetuating "corrupt" admissions practices.
March 05, 2019
Senate Finance Chair Floats Tax Extenders BillThe bill retroactively extends expired provisions, including those affecting mortgage insurance and tuition expenses.
February 27, 2019
U.S. Tax Refunds Plunge 17% as Treasury Ratchets Up Defense"The size of someone's tax refund says nothing about whether their taxes have gone up or down," Treasury says.
February 26, 2019
3 Tax Surprises to Watch Out for in 2019These differences from previous years are not just because of the 2017 tax law.
December 19, 2018
6 Tax Planning Tips to Explore Before Year-EndYour clients need to understand that the TCJA may make their taxes look a lot different.
December 13, 2018
10 Year-End Tips to Cut Clients' Tax BillsAdvisors should share these new and tried-and-true tactics with clients, who may find they work to their advantage.