Tax deductions

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.

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

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

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

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

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

What some clients tried to claim on their tax returns shows they often don't know much about accounting.

Entrepreneurs who suffer continuous losses could find their work classified as a hobby by the IRS.

Bonus depreciation, Section 179, interest and loss limitations — what does it all mean?

The rewrite could affect how these firms value potential buyout targets.

Regulatory changes that ended popular deductions could prompt homeowners in high-tax states to consider relocating, a survey finds.

Many deductions are likely to disappear if Congress passes the reform bill into law.

Advisors should keep a close eye on these provisions, Dave Grant says.

The uncertain tax and legislative environment means that year-end tax planning is more important than usual. To help clients and businesses prepare for filing season, here are helpful tips.

The tax plan would make itemized deductions less valuable so some seniors would lose a deduction that covers payments for nursing homes, assisted living or inpatient hospital care.

A quick look inside the proposed Tax Cuts and Jobs Act.

Business owners with high business incomes ― who currently face a top rate of 39.6% ― are in for major tax relief, policy analysts said.

What clients don’t know could cost them hundreds of thousands of dollars.

A checklist for advisors who have clients looking to launch a new business.

The right strategy can save clients thousands of dollars, although the options are complicated.