Tax

Democrat-leaning states argue that the $10,000 SALT cap deduction is politically motivated and violates the U.S. Constitution.

Inflation and higher wages can push earners up a tax bracket, while unchanged deductions can spark bigger tax bills.

Like their cryptocurrency cousins, non-fungible tokens are generating market interest, and tax confusion.

Despite uncertainty over potential tax increases, there are still some valuable tax-planning moves for the final days of this year.

The ability to deduct the full value of the stock and avoid capital gains taxes is lesser-known by rich investors and many advisors.

An exceptional year for wealthy Americans, at least in terms of their financial health, just got better.

Advocates say they'll continue pushing for the write-off, but it is not widely popular.

'Planning has been put on hold, because no one knows what the rules of the game are,' says one accounting firm partner.

With Senate tax writers in agreement with the House to ban the favored tax-free strategy, wealth advisors have a narrow window to make moves.

The pandemic-related tax provision permits more people to deduct donations to qualifying charities on their 2021 federal income tax return.

Spousal lifetime access trusts are surging in popularity, but they aren’t as simple as some advisors or clients may think.

Build Back Better legislation contains provisions that, collectively, would cause seismic changes in the estate planning world.

Democrats’ tax bill would slash in half the tax benefits of founder stock, but a potential workaround exists.

Many proposals for tax hikes on the wealthy haven't materialized, leaving investors with trusts, gifts or sales that might now seem hasty — or not.

After months of talk of steep tax increases on the wealthy, a kinder reality has emerged for well-off clients.

The countdown to the end of the year always comes with gobs of generic tax advice. Maximize 401(k) contributions. Deplete flexible savings accounts. Lock in stock losses to offset capital gains.

It’s a cliche that’s out of date, advisors say; instead, investors should actively consider the tax consequences before making market moves.

It's one of many deductions that doesn't take inflation into account.

Just 1,275 families paid $9.3 billion in estate tax in 2020, down from $20 billion from nearly 5,500 families in 2018.