Tax strategy scan

“People didn’t want to use up their estate tax exemption,” but that has changed as a result of the new law, an expert says.

As retirement horizons grow, the rich are less willing to focus on generational wealth transfers.

The earlier they begin planning, the easier it'll be to avoid a big tax hit.

The strategy only applies to investments held in taxable, not tax-favored, retirement accounts.

Clients who owe the IRS should pay their taxes by April 15 even if they have already secured an extension.

Those who fail to meet the cutoff face a penalty equivalent to 50% of their required minimum distribution.

A higher standard deduction makes itemizing deductions less valuable.

The regulator is looking into whether brokers made appropriate share class recommendations for the plans as a result of the new law.

Changing filing statuses and maxing out deductible contributions to IRAs and HSAs are some ways clients received bigger reimbursements.

Those who fail to repay their loans on time may face early withdrawal penalties.