Tax strategy scan

The Trump tax cut may have changed the calculus for some couples filing joint returns.

Working parents who paid for day care, summer camp or a babysitter on the books are advised to take advantage of this break.

Some of the changes to rental property rules may be confusing for clients.

Donating complex assets is one option clients may consider when itemizing deductions on their 2018 returns, an expert says.

Nonprofits may experience a decline in revenue as more taxpayers are expected to opt for a standard deduction this year.

So-called opportunity zones created under the new tax law can offer clients a unique chance to save.

A small proportion of parents are investing in the program for their children, however new analysis suggests that may be changing.

With two months left in 2018, clients can still take advantage of these tax hacks.

Clients nearing retirement should consider standard and itemized deductions and choose the option that will generate the bigger savings.

Tax overhaul has scrapped taxes on a child's excess unearned income at the same rate as their parents.

Some can expect an increase in their tax bill thanks to Social Security income taxes and higher Medicare premiums.

Certain clients may consider donating directly from their IRAs.

Some senior clients might consider buying a quality supplemental insurance plan, according to a Morningstar expert.

One way to avoid the additional burden is to take advantage of tax-deferred retirement accounts.

Clients preparing for a life-altering event — such as marriage, divorce or a new baby — are advised to start getting their paperwork in order.

Wealthy families can enjoy a $2,000-per-child break with the expansion of the child tax

Dividend tax rate cuts in 2003 had no impact on C- and S-corporation spending, an economist found.

Clients have a tax-saving opportunity to transfer pre-tax contributions in retirement accounts to a Roth or life insurance policy under the new law.

Advisors must be wary of “making permanent decisions based on a temporary law,” an expert says.

A big difference in fees may not be enough to offset taxes on capital gains.