Income taxes

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.

Seniors are advised to combine multiple tax-deferred accounts, such as traditional IRAs and 401(k)s.

Clients often underutilize deductions for work-related technology purchases and travel expenses.

Contribution limits in a Roth IRA could shrink for couples after marriage.

Despite changes in the new law aimed at scrapping a penalty for most new couples, those from high-income households may owe more this year.

Under new rules, small business owners can offer their workers tax-free dollars to buy health coverage.

The rule can create significant tax savings, but in unskilled hands it can just shift the burden elsewhere.

The agency processed more of every major type of form during FY 2018 than during the prior year, with the exception of estate tax returns.

“Health care prices are increasing at levels that significantly exceed overall inflation,” an expert warns.