Income taxes

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

Designating charities as a beneficiary of their retirement accounts is one strategy that can enhance their tax savings.

The sweeping retirement legislation, called the Secure Act, is gaining plenty of headlines. One revision is being overlooked.

“The advice I give is to calculate the financial impact for each option,” an expert says.

With astute maneuvering, advisors can add money to a clients’ college-fund kitty without jeopardizing financial aid.

Adjusting a federal income tax return depends on personal tax circumstances, “such as the materiality of the error,” an expert says.

To help individuals and businesses prepare for filing season, Grant Thornton has released a collection of year-end tax tips.

Clients who own a business may be eligible for a 20% deduction as a result of tax overhaul. For those who don’t qualify, there are other savvy strategies

Moving to a lower-tax state is more attractive than ever with the $10,000 cap on state tax deductions.

Economic factors like changes to the tax code are behind nearly a quarter of all recent giving, according to a new survey.

More than $37 billion flowed into tax-sheltered donor-advised funds in 2018, according to a new report.

Clients with children are advised to start saving early in a 529 plan to take advantage of the “tax-free or tax-deferred growth.”

Payouts from pensions and tax-deferred accounts are usually not taxed in states without a state income tax or with levies only on interest and dividends.

Since 2011, when Occupy Wall Street protesters rallied under the slogan “We are the 99%,” the income threshold for the top 1% is up an inflation-adjusted 33%.

Armed with some specific details, advisors can explain why the seductive option is both too good and too good to be true.

Paying down debt, downsizing and reducing spending are a few ways retirees can grow their finances.

With millennial and Gen Z clients expected to have longer lives than their parents, securing an effective retirement horizon can have its challenges.

Plans can quickly deteriorate as a result of poor planning and inaccurate assumptions about the future.

Establishing an S corporation would protect their profits from federal income taxes of more than 23.8%, an expert says.

Many pin the blame on stagnant or dwindling income, according to a new survey.