Tax Deductions
News updates about tax deductions advisors should consider for their clients.
How Trump’s Tax and Spending Bill Affects Clients, Small Businesses
By Robert Bloink and William H. ByrnesIt's critical for advisors to understand the extended, enhanced and entirely new provisions in the legislation.
June 20, 2025
Debate: Should Key Tax Bill Provisions Be Temporary?Several components of the working drafts in Congress are scheduled to leave the tax code after 2028.
June 18, 2025
Top 12 Metro Areas for Finding Self-Employed ClientsIn these markets, plenty of high-income business owners are already making heavy use of financial services.
June 18, 2025
Trump Urges SALT Deal as Lawler Stands Firm on $40,000 Cap“We’re not going to fold here,” the New York congressman says.
June 16, 2025
Senate Deadlocked on SALTThe draft bill, slated to be released later Monday, includes the current $10,000 SALT cap.
June 12, 2025
Republican Senators Consider $30,000 SALT Cap in Trump Tax BillThey are trying to reduce the House-passed $40,000 SALT limit, Sen. Thom Tillis says.
June 10, 2025
Johnson Urges Senate to Minimize Changes to $40,000 SALT DealTrump last week told Senate Republicans he is open to a smaller boost to the deduction cap.
June 09, 2025
Senate Republicans Plan to Release Major Revisions to Trump’s Tax BillThe Senate Finance Committee is expected to release a draft this week.