Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Year-End Tax Checkup: Maximizing Post-Reform Medical Deductions
By Robert Bloink and William H. ByrnesThis year only, the tax code provision for medical expense deductions can be particularly valuable for some clients.
August 29, 2018
Here's What May Happen to Your Taxes if Democrats Win the HouseOn the campaign trail, Democrats are talking about the new tax law — and how they want to undo it.
July 25, 2018
New Yorkers Trying to Flee High State Taxes Find Moving Isn't So EasyAmong wealthy residents, there's more buzz than ever about moving to Florida, but the claws of state tax authorities sink in deep.
July 18, 2018
4 States Sue Feds Over Caps on State and Local Tax DeductionsThe lawsuit by New York, New Jersey, Connecticut and Maryland argues that the deduction is essential to prevent federal tax powers from interfering with constitutionally guaranteed state rights.
June 20, 2018
Charities to Lose Billions in Donations Due to New Tax Law: AEIBut there are ways to offset the loss, the AEI report notes.
May 25, 2018
Debt Will Continue to Rise Under Trump Budget: CBOThe Trump plan would extend expiring tax provisions and alter the federal student loan program.
May 18, 2018
How Tax Cut Will Affect US Housing Market: ZillowTaxpayers are expected to pump $13 billion in tax savings into the housing market this year, Zillow reports.
April 20, 2018
State Tax Deduction Workarounds Likely to Hit SnagsStates' plans to offset new limits on SALT deductions raise issues for the IRS and local governments.