Tax Deductions
News updates about tax deductions advisors should consider for their clients.
10 Year-End Tips to Cut Clients' Tax Bills
By Michelle SiebertAdvisors should share these new and tried-and-true tactics with clients, who may find they work to their advantage.
November 15, 2018
10 New 2019 Tax Numbers to KnowThe IRS has issued tax year 2019 inflation adjustments for more than 60 tax provisions.
September 05, 2018
Republicans Weigh Abandoning Tax Cut 2.0 After SALT BacklashParty leaders fear the effort to make cuts permanent could antagonize voters in some hotly contested districts.
August 29, 2018
Here's What May Happen to Your Taxes if Democrats Win the HouseOn the campaign trail, Democrats are talking about the new tax law — and how they want to undo it.
July 25, 2018
New Yorkers Trying to Flee High State Taxes Find Moving Isn't So EasyAmong wealthy residents, there's more buzz than ever about moving to Florida, but the claws of state tax authorities sink in deep.
July 18, 2018
4 States Sue Feds Over Caps on State and Local Tax DeductionsThe lawsuit by New York, New Jersey, Connecticut and Maryland argues that the deduction is essential to prevent federal tax powers from interfering with constitutionally guaranteed state rights.
June 20, 2018
Charities to Lose Billions in Donations Due to New Tax Law: AEIBut there are ways to offset the loss, the AEI report notes.
May 25, 2018
Debt Will Continue to Rise Under Trump Budget: CBOThe Trump plan would extend expiring tax provisions and alter the federal student loan program.