Tax reform

The near doubling of the capital gains tax rate would have a large impact on the net profit from any sale of any capital asset.

House Democrats in high-tax New York, New Jersey, enlist help from firefighters, teachers and other union members to repeal the $10,000 SALT cap on deducting state and local taxes, including property taxes.

Signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress.

While getting a rules overhaul through a bitterly divided Congress won’t be easy, analysts, consumer advocates and experts say changes may be on the table.

The president-elect's pledge to repeal President Trump‘s tax cuts as soon as he is inaugurated may be stymied for the foreseeable future.

With a divided government, some proposals are bound to change as part of the give-and-take of the legislative process, writes Skip Schweiss.

Big changes to regulations and retirement planning could be in the mix following the Democrat’s election victory.

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

The sweeping retirement legislation, called the Secure Act, is gaining plenty of headlines. One revision is being overlooked.

To help individuals and businesses prepare for filing season, Grant Thornton has released a collection of year-end tax tips.

More than $37 billion flowed into tax-sheltered donor-advised funds in 2018, according to a new report.

Despite raised thresholds, advisors can still find big itemization opportunities if they know where to look.

“The more ties you cut, the better — auditors like to see a moving van and an itemized list of what was moved,” one lawyer says.

The following tips may help clients minimize their liability.

Clients are willing to pay more for tax advice, but they’re still not getting it.

But the benefits are not evenly distributed among taxpayers.

Helping clients navigate the complexities of tax reform is even more of a priority.

Helping clients navigate the complexities of tax reform is even more of a priority.