Tax deductions

When it comes to gifting to a child that isn’t your own, author Erin Lowry writes things do become a tad more complicated.

Many RIAs can qualify for this lucrative benefit. Here’s what you need to know this tax filing season.

Notice 2021-25 offers details on a provision of the COVID-19 relief package from last December that allows a temporarily larger deduction.

A ‘wave’ of claims for the Domestic Production Activities Deduction sparks an alert.

The Tax Court added its voice to the dilemma facing many taxpayers working remotely due to the pandemic.

Unexpected windfalls and limitations may accrue to WFH clients — and their financial planners.

Some business owners can get hurt by workarounds to the $10,000 limit for state and local tax deductions.

Experts have identified a dozen credits, deductions and more as worth particular attention this year.

While qualified contributions won’t necessarily give clients the biggest tax bang for their buck, there are exceptions to the rule, Jeffrey Levine writes.

A critical PPP deduction, tax extenders, business meal deductions and more are among the critical points.

Here are some obvious and not-so-obvious year-end tax tips to consider as we prepare ourselves and our clients for the new year.

Whether the law changes next year or in 2025, wealthy clients can save by using the generous provisions now.

The agency announced changes to more than 60 tax provisions.

The CARES Act will play a critical role, according to Grant Thornton.

The final regulation includes guidance on the requirements needed for properties to qualify for the deduction.

New regulations have altered advice for Social Security, Roth conversions, tax code, estate planning and much more. Financial plans must be crafted with enough flexibility to change with the times.

Here's an at-a-glance guide to the candidates' positions on individual taxes.

The rule change is designed to have an impact in the fight against COVID-19 and applies only to donations made to charitable organizations, an expert says.

Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.

Despite the July 15 deadline extension as a result of the coronavirus, some taxpayers are advised to file early.