Income taxes

Donor-advised funds, favored by rich businessmen and celebrities, rack up tax benefits while delaying charitable giving.

Many see Social Security reform as needed but question remedies put forward by Rep. Angie Craig and others in Congress.

The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.

DAFs have been receiving more than half their contributions from complex assets such as shares of public and private companies, real estate and cryptocurrency in the past five years.

Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

The guidelines can help planners with charitably minded clients steer clear of compliance thickets and run-ins with the IRS.

Workers in the U.S. who are increasingly job-hopping these days risk making one of the biggest financial mistakes out there.

While the chances of scrutiny are relatively low, these issues can put a wealthy taxpayer on the agency’s radar.

There are steps you can take year-round, to help keep your clients’ personal data safe.

Even if they dislike digital assets, wealth planners have a fiduciary duty to understand their confusing and murky tax treatment.

April and Column Tax are among the startups capitalizing on the idea that taxes are part of a person’s financial life and banks are most suited to help with tax preparation and filing.

Under Biden’s plan, the tax would apply to households worth more than $100 million who do not already pay 20% tax on their “full income."

The mortgage interest deduction is capped, but the investment interest expense deduction isn’t.

It's counterintuitive, but basic short selling can boost the after-tax return on an entire retirement portfolio.

With prospects for major tax hikes in the rear view (for now), it’s the time to blueprint ways to reduce clients’ taxable income for ‘22.

Rich investors with sizable business losses are caught in pandemic tax hell amid IRS delays.

Here are four core moves that advisors are considering right now for clients as they gear up to file their federal tax returns.

Gift tax returns and the wealth transfer strategies they reflect don’t face the same IRS logjams as individual returns.

The National Taxpayer Advocate's annual report to Congress sounded alarm bells as millions gear up to file their federal returns.

Democrat-leaning states argue that the $10,000 SALT cap deduction is politically motivated and violates the U.S. Constitution.