Tax Deductions
News updates about tax deductions advisors should consider for their clients.
IRS Issues Standard Mileage Rates for 2022
By Michael S. FischerThese rates are used to calculate deductible costs of operating a vehicle.
December 07, 2021
The Case for Fixed Indexed AnnuitiesAn advocate for the products talks about why he believes your clients need them.
November 17, 2021
7 Important Tax, Retirement Topics for Year-End PlanningA lot of potential changes are looming, and communicating with your clients about the future is perhaps more important than ever.
November 15, 2021
This Tax Break Can Save Ultra-Wealthy Clients MillionsThe qualified small-business stock capital gains exclusion can help founders and early-stage employees avoid taxes.
November 10, 2021
10 New Tax Numbers to Know for 2022The IRS just released inflation adjustments for more than 60 tax provisions, including estate and gift tax exemptions and standard deductions.
November 02, 2021
SALT Cap Suspension for 5 Years Emerges as Leading OptionA group in the House has vowed to block Biden's economic agenda until the $10,000 deduction limit is addressed, but Senator Bernie Sanders says such a plan is "unacceptable."
October 26, 2021
Backdoor Roth Closing? 4 Reasons Taxable Accounts Beat IRAs, 401(k)s: Morningstar's BenzHigh-income retirees may be tempted to boost after-tax IRA contributions, but Morningstar's personal finance expert says there's a better option.
October 18, 2021
Consumers' Short-Term Inflation Expectations Hit New High: New York FedBut five-year inflation expectations have changed little since before the pandemic.