Tax deductions

Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.

The agency will begin three to four dozen new audits this spring to see if inappropriate deductions were made.

The new deduction rates apply to electric and hybrid vehicles, as well.

The regulations address new subsections of the law from the SECURE 2.0 Act.

The ultra-wealthy are using DAFs and private foundations to avoid taxes and exert influence, at the expense of ordinary taxpayers.

The service announced its annual inflation adjustments, including increases in the standard deduction and changes in tax brackets.

Four forms in particular contain insights to a client's financial life and how to serve them better. We explain them here.

Once primarily an issue for Democrats, GOP gains in New York have made the deduction an issue for them, too.

Contributions to 401(k)s and IRAs now can reduce your 2022 taxes soon due this filing season. Here's what advisors, many of whom can themselves benefit, need to know.

Affluent investors typically have more complicated financial lives and more ways to get things wrong when filing federal tax returns in 2023.

The 2023 season just opened, but you should still plan now for next year.

A chief counsel memo says taxpayers who want to claim tax deductions for donating cryptocurrency need to first receive a "qualified appraisal" if the amount exceeds $5,000.

Amid the end of pandemic credits and investment losses, filing a federal return this year has sobering moments.

Unlike stocks, digital currencies aren't hit by the wash-sale rule — a major opportunity to turn lemons into lemonade.

From sea changes with inherited retirement plans to the ETF juggernaut, here's what advisors grappled with for affluent clients.

More tax savings means happier clients and potentially wealthier financial advisors.

With markets down so far this year and persistent inflation back, certain tax-saving moves can be particularly useful.

You can't use a loss to offset gains if you're not able to take a loss because you can't access the exchange.

The flow of money from private foundations to donor-advised funds has jumped substantially in recent years, highlighting the increasing use of a controversial loophole in charitable law, a new audit shows.

A lucrative deduction for luxury vehicles used at least half the time for business will start tapering come 2023.