Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Trump Has Proposed Nearly $8 Trillion in Tax Cuts. What Happens Now?
By Melanie WaddellTrump will now have to offer details of all the cuts he floated in recent months, says Greg Valliere.
September 23, 2024
Debate: Should COVID-Era Health Insurance Subsidies Be Extended?After 2025, the expansion of the premium tax credit will expire unless Congress acts.
September 13, 2024
New Bill Creates $25,000 Tax Deduction for SeniorsThe Seniors in the Workforce Tax Relief Act establishes an above-the-line deduction for 2024 through 2028.
September 04, 2024
North Dakota to Vote on Eliminating Property TaxesThe ballot measure might sound appealing but "could come back to haunt North Dakotans," the Tax Foundation says.
September 04, 2024
How to Prepare for Higher Tax Brackets in 2026While advisors brace for the potential halving of the estate tax exemption, most taxpayers have a bigger concern.
August 01, 2024
GOP Senators Block Tax Bill With 100% Bonus DepreciationRepublican senators stopped further action Thursday on The Tax Relief for American Families and Workers Act of 2024.
July 30, 2024
Senate to Vote on Tax Bill With 100% Bonus DepreciationThe Senate majority leader plans a Thursday vote on the Tax Relief for American Families and Workers Act.
July 12, 2024
Wealthspire Launches Trust Company to Support Wealthy ClientsThe independent RIA will staff the unit with advisors who specialize in estate planning, wealth transfer and taxation.