Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Higher-Income Wage Earners Subject to Additional Tax
By Marlene Y. SatterAs part of the two-month extension of the payroll tax cut negotiated by Congress that begins in January, higher-income wage earners will be subject to a new 'recapture' provision, according to the IRS.
December 20, 2011
Which Client Deductions Will Expire after 12/31/11?Numerous tax breaks expiring this year could have a drastic effect on your clients in 2012
December 16, 2011
LTCI Watch: Breaking Into the FSABoustany has recruited a Democrat to help him continue the fight to help workers who buy LTCI get a tax break.
December 13, 2011
Tax and Philanthropy Focus: Year-End Giving Made EasyLast minute tax planning might very well include giving some wealth away, to your clients' benefit, and society's.
September 22, 2011
'Wealthy' Making $200k+ Would Pay for President’s Jobs ActAre higher taxes on the horizon for your clients?
September 14, 2011
Kleinbard to Congress: The Cows Must DieIncome tax breaks now cost the U.S. government as much revenue as the personal income tax raises, and that has to end, tax experts say.
September 13, 2011
Kleinbard to Congress: The Cows Must DieIncome tax breaks now cost the U.S. government as much revenue as the personal income tax raises, and that has to end, tax experts say.
July 28, 2011
Top 10 Biggest Tax Breaks: What to Cut to Trim Deficit?We need to slash the deficit, right? So which of these 10 treasured, and costly, tax deductions would you cut to save the country from fiscal ruin?