Income taxes

The one-two punch of major tax laws passed within four months of each other creates some interesting puzzles for advisors to solve.

For some, estimated tax payments are a non-issue. Others may earn all of their income from sources that don’t withhold amounts for federal income taxes.

Under the proposals, the top 0.1% of earners would be subject to a 43% tax rate on their income.

Depending on the economy and the election, they could be on the chopping block as soon as 2021.

Several significant changes are probably in store for next tax season.

Gifting embedded loss assets can avoid a step-down in basis and preserve capital losses. Here's how to go about it, under several scenarios.

By law, these payments are taxable so clients will need to report them on their 2020 federal income tax returns.

Major donor-advised fund providers said they’re using webinars, podcasts, social media and emails to nudge clients to give.

Strategies include utilizing charitable trusts to split benefits between multiple beneficiaries and taking advantage of donor-advised funds.

Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.