Income taxes

One way to avoid the additional burden is to take advantage of tax-deferred retirement accounts.

Taxpayers won’t get big federal write-off above state credit.

Although the rules have become more lenient, high-income clients must not be complacent.

As a sustained bull run has made portfolios swell, managing the tax bill on those gains has become increasingly vital.

Although designed to spur productivity, the Tax Cuts and Jobs Act could have the reverse effect.

Although annuities incur taxes and costs, clients "can invest the same amount into a diversified municipal bond portfolio and pay no taxes,” an expert says.

Audit rates are dropping, but there are still triggers that taxpayers can avoid to further reduce their risk.

Clients may be in the dark about the regulators new rules for taxing digital currencies.

Although funded with after tax dollars, what clients owe will be lower than the liability on traditional IRA withdrawals in retirement.

The added savings could be used to pay off student loans as well as increase mortgage payments and retirement plan contributions.

Claiming above-the-line tax write-offs doubles the standard deduction.

Financial planners report wide demand to learn how to exploit changes in the tax code.

Personal exemptions may be lost but households can expect higher savings from the child tax credit, an advisor says.

The proposal includes changes in everything from the corporate tax rate to Obamacare.

The right strategy can help minimize their future estate taxes.

Some brokerage firms are concerned that the tax overhaul could spur their employee advisors to set up their own shops or switch firms to lower their tax bills.

“It would almost be irresponsible if you weren’t thinking about moving,” says Bruce McGuire, founder of the Connecticut Hedge Fund Association.

Retirement location "matters just as much to your tax bill as what you have,” an expert says.

Congress moved quickly to fulfill one of the GOP’s biggest and most long-awaited goals.

The first step is to account for any obligations or costs, an expert says.