Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Debate: Should Medical Expenses Be Exempt From Itemized Deduction Limits?
By Robert Bloink and William H. ByrnesLegislation in 2025 created a cap on itemized deductions that will largely affect high-income clients.
January 29, 2026
No Tax on Overtime: What to Know in Filing SeasonThe IRS has released an FAQ on the deduction for qualified overtime compensation.
January 12, 2026
This Type of SALT Cap Workaround Is Not OK, Appeals Court ConfirmsCourts have upheld the IRS' position prohibiting charitable contribution-for-credit programs designed to offset cap effects.
January 02, 2026
What the New Roth Catch-Up Mandate Means for 2026 Tax PlanningHigh-income taxpayers could find that their taxes will jump because of a lost tax deduction.
December 16, 2025
5 Things for Advisors to Know About the Health Insurance Subsidy RumbleThe most important: Clients under 65 who pay for their own coverage face some uncertainty.
November 26, 2025
These Subtle Tax Planning Moves Can Improve Client OutcomesAdvisors who integrate these considerations into client reviews can minimize tax exposure and strengthen wealth transfer strategies.
November 11, 2025
How to Prioritize Charitable Planning With ClientsMost clients’ net worth has increased significantly, and they are in an ideal position to support favorite causes.
September 29, 2025
Foundation Source Adds Multi-Custodial Capabilities to DAF PlatformThe enhancement is enabled through the firm's new custodial data access partnership with BridgeFT.