Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
He Fled California Taxes. Now He's Fighting Them in Washington
By Anna EdgertonWashington has no state income tax but does have a 7% levy on capital gains over $250,000, which raised $900 million its first year.
January 09, 2024
13 States With Income Tax Cuts in 2024The reductions continue a trend of significant changes following the pandemic, according to the Tax Foundation.
January 08, 2024
Spending Deal Would Keep Social Security Budget FlatTax legislation is also in the works and could be attached to a spending bill.
November 30, 2023
New Senate Bill Would End 'Buy, Borrow, Die' Strategy for Wealthiest InvestorsThe Billionaires Income Tax Act would require the wealthiest investors to recognize capital gains and losses every year.
November 07, 2023
Get Clients Ready for 2026 Tax Hikes NowTax liabilities for most Americans will likely rise when much of the Tax Cuts and Jobs Act expires.
October 23, 2023
Massachusetts Doubles Estate Tax ExemptionYet the state is still "one of the most expensive places to die," Ed Slott says.
October 20, 2023
Texas to Vote on Wealth Tax Ban in NovemberVoters will decide on a constitional amendment banning wealth taxation at the state level.
October 16, 2023
Ed Slott: RMDs Are a Nightmare This Year. Here's What Advisors Should Do."Keep this guide on your desk!" Slott urges.