Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Foundation Source Adds Multi-Custodial Capabilities to DAF Platform
By John ManganaroThe enhancement is enabled through the firm's new custodial data access partnership with BridgeFT.
September 04, 2025
Time Running Out to Secure Green Energy Tax BreaksThe recent tax and spending megabill significantly accelerates the repeal of the Biden-era clean energy credits.
August 24, 2025
Debate: Should Itemized Deductions Be Capped for the Wealthy?Starting in 2026 deductions will be reduced for those in the 37% tax bracket.
August 21, 2025
Debate: Should 401(k) Tax Breaks Be Curtailed?Current benefits related to DC plans will cost the government $1.4 trillion in revenue over 10 years.
August 07, 2025
IRS Won’t Lower Withholding This Year to Reflect Trump Tax CutsThe move will enlarge refunds paid out to taxpayers early next year, ahead of the midterm elections.
August 04, 2025
Under Trump's New Tax Law, Here's What to Know About SALT Cap WorkaroundThe workaround, available in most states, is still highly relevant for high-income taxpayers.
July 31, 2025
One Big Beautiful Bill Act: A Quick Tax GuideJuly's multitrillion-dollar tax package created several new tax breaks — let the 2025 tax planning begin.
July 10, 2025
Debate: Is Permanent 100% Bonus Depreciation in Trump Tax Law a Good Thing?The increase in year one applies to qualified property acquired and placed into service on or after Jan. 19.