Tax Deductions
News updates about tax deductions advisors should consider for their clients.
3 Ways to Help Clients Minimize 2023 Tax Liability Now
By Tyler De HaanThe year has been over for months, but there are still ways to help.
February 15, 2024
SALT Deduction Bill Fails Test Vote in HouseRep. Lawler, R-N.Y., said that, while disappointed, he'd keep up the fight for his bill.
February 14, 2024
SALT Deduction Bill Heads for House VoteThe SALT Marriage Penalty Elimination Act would double the deduction cap for joint filers for 2023.
February 13, 2024
SALT Deduction Bill to Get Procedural Vote WednesdayThe SALT Marriage Penalty Elimination Act would double the cap to $20,000 for couples earning less than $500,000.
January 26, 2024
10 Must-Knows to Get the Most Out of Charitable GivingWhen it comes to tax-efficient donations, there's a big gap between client expectations and advisors' service delivery.
January 22, 2024
Medicare's IRMAA: Avoiding Post-Retirement Sticker ShockFor some retiring clients, avoiding the surcharge could be as simple as filling out a form.
January 11, 2024
Avoid This Mistake When Funding a Backdoor RothRunning afoul of the pro rata rule can negate much of the tax benefit.
December 20, 2023
Procrastinator's Guide to Year-End Tax Savings, 2023 EditionThese tax-saving moves might seem incredibly simple, but they can add significant value come April.