Tax deductions

Tax planners see uncertainty, opportunity in pass-through deduction

The break on qualified business income will save company owners an estimated $415 billion over the next decade. Are your clients eligible?

Tax Cuts and Jobs Act Tobias Salinger May 25

Tax Cuts and Jobs Act Tobias Salinger May 25
The new law is too complicated for small business owners: Tax Strategy Scan

While it offers a hefty tax deduction for pass-through income, an expert says the rules are a "convoluted mess.”

Tax Cuts and Jobs Act Andrew Shilling May 15

Tax Cuts and Jobs Act Andrew Shilling May 15
How retirees can reduce their marginal tax rates: Tax Strategy Scan

One strategy includes encouraging clients to wait until the age of 70 to start collecting Social Security benefits.

Tax strategy scan Andrew Shilling May 8

Tax strategy scan Andrew Shilling May 8
New tax law creates confusion about entertainment deductions

Holiday parties and team-building outings may still be deductible. What about entertaining prospects over dinner?

Tax planning Roger Russell April 24

Tax planning Roger Russell April 24
Is it possible to create tax-free income for life? Tax Strategy Scan

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.

Tax strategy scan Andrew Shilling April 24

Tax strategy scan Andrew Shilling April 24
How ‘lump and clump’ can offer clients material tax savings: Kitces

Higher deduction ceilings have made itemizing a moot point for most individuals, but a novel strategy can yield real additional savings.

Tax planning Michael Kitces April 13

Tax planning Michael Kitces April 13
No one’s sure who qualifies for this $415B tax deduction

Congress created a juicy new tax break, yet hundreds of thousands of clients still don’t know if they can claim it.

Tax deductions March 13

Tax deductions March 13
IRS ready to handle retroactive tax breaks

The agency has reprogrammed its systems to process three benefits most likely to be claimed on returns this season.

Tax deductions Michael Cohn February 27

Tax deductions Michael Cohn February 27
New tax law’s alimony rules to make divorce even more miserable

Battles will ensue over the Trump tax plan’s treatment of payments to former spouses.

Tax Cuts and Jobs Act February 16

Tax Cuts and Jobs Act February 16
Are deductions less valuable under the new law? Tax Strategy Scan

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

Tax strategy scan Andrew Shilling February 6

Tax strategy scan Andrew Shilling February 6

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