Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Republicans Struggle to Make Tax Cuts a Winning Election Issue
By Sahil KapurA Democratic strategist says typical middle class voters may prefer protecting Medicare to keeping a little extra cash.
April 03, 2018
6 Pet-Related Tax DeductionsPets can save their owners money on taxes, but watch out — some rules changed under the new tax law.
March 21, 2018
4 Tax Planning Opportunities Under New Itemized Deduction Rules: FriedmanThe doubling of the standard deduction creates a new tax planning paradigm, former tax attorney Andy Friedman says.
February 28, 2018
Tax Cut Calculator Unveiled by Treasury to Verify WithholdingThe calculator, available at irs.gov, can help workers check if too much or too little is being withheld from their pay.
February 16, 2018
NY Governor Proposes Tax Changes to Offset Federal SALT Deduction CapThe new federal limits on state and local tax deductions could cost residents billions a year.
February 13, 2018
7 Questions About Itemized Deductions Under New Tax ActThe 2017 Tax Act made substantial changes to the availability of itemized deductions.
January 26, 2018
Highlighting Tax Law Changes in One PageMike Patton highlights a few of the changes and discusses the potential impact of the 1,097-page Tax Cuts and Jobs Act.
January 26, 2018
3 Governors Say They Will Sue Feds Over New Tax LawNew York Gov. Andrew Cuomo repeated his criticism that the federal tax overhaul approved by Congress in December and signed by Trump is illegal.