Tax Deductions
News updates about tax deductions advisors should consider for their clients.
GOP Framework Would Raise Taxes for Many of Your Clients
By Bernice NapachAnalyses from the conservative-leaning Tax Foundation and liberal-leaning Tax Policy Center agree that those in the 90th-95th percentiles for income would pay more.
May 26, 2017
‘Mnuchin Rule’ Against Wealthy Tax Cuts Comes Back to Bite HimOne flashpoint is the effort to repeal the 3.8% Affordable Care Act net investment tax.
May 05, 2017
JPMorgan’s Kelly: Trump’s Tax Plan Faces RoadblocksThe chief global strategist also says the U.S. has a "bumper-lane economy."
May 01, 2017
Who Will Be Hurt by Trump’s Plan to End State & Local Tax Deductions?They live in high-tax counties in high-tax states that lean heavily Democratic, and they itemize their returns.
April 27, 2017
Trump's Tax Proposal Is a Symptom of the DiseaseThe author suggests that a one-page tax proposal outline might leave out some highly relevant details.
April 27, 2017
Advisors on Trump’s Tax Plan: Praise, Concern and ShrugsNone of the capital gains savings or corporate tax cuts directly affect IRAs, 401(k)s or Roth IRAs.
April 24, 2017
How Trump's Tax Proposal Could Affect the Muni Bond MarketCuts in marginal personal and corporate income tax rates and the elimination of the state and local tax deduction from federal taxes could affect munis.
April 03, 2017
Senators Float Bill to End Tax Write-Offs for Corporate FinesGovernment Settlement Transparency & Reform Act would close a loophole allowing corporations to reap tax benefits from payments made to resolve allegations of illegal conduct.