Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Two AMT Patches Introduced; House Panel Approves Rangel Version
By Melanie WaddellThe House Ways and Means Committee was set to consider legislation on June 18 introduced the previous day by Chairman Charles Rangel (D-NY) that would protect middle-class families from the alternative minimum tax (AMT) this year. The bill, the Alternative Minimum Tax Relief Act of 2008 (H.R. 6275), would ensure...
June 27, 2007
An AMT Fix Without Higher TaxesCongress's original intention when it created the Alternative Minimum Tax, was to make sure that the wealthiest Americans weren't able to combine so many exemptions or deductions that they ended up paying little or no income taxes. In a study released today, the Tax Foundation lays out a revenue-neutral plan...
February 18, 2007
House Minimum Wage Bill Has No Deferred Comp ProvisionsControversial provisions narrowing non-qualified deferred compensation packages that were included in Senate minimum wage legislation are unlikely to become law soon as a result of ...
February 18, 2007
House Minimum Wage Bill Has No Deferred Comp ProvisionsControversial provisions narrowing non-qualified deferred compensation packages that were included in Senate minimum wage legislation are unlikely to become law soon as a result of ...
January 21, 2007
Industry Alarm Over Deferred Comp CapThe life insurance industry is voicing deep concern about provisions dealing with deferred compensation that were added to legislation raising the minimum wage that was ...
October 08, 2006
Overcoming The 60% LTD ShortfallIn 2006, the vast majority of U.S. corporations offer quality group long-term disability coverage to their employees with a benefit level insuring to 60% of ...
July 24, 2006
The 60% LTD ShortfallIn 2006, the vast majority of U.S. corporations offer quality group long-term disability coverage to their employees with a benefit level insuring to 60% of ...