Tax

Well-off professionals in costly areas of the U.S. are set to get a windfall from competing plans to change the deduction limit for state and local taxes.

Amid the pandemic, staying informed about life insurance strategies with trusts and estates is critical.

The agency has cleared out much of its mammoth backlog of unprocessed returns, but scores of individuals and small business owners remain in limbo.

Donor-advised funds increased their donations to charities last year in response to the COVID-19 pandemic, hitting the biggest levels in over a decade.

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.

The Build Back Better reconciliation bill would raise the SALT cap to $80,000 from $10,000, and that impact varies widely from state to state.

The service released its annual inflation adjustments Wednesday, including the standard deduction amount for individual and married taxpayers.

How advisors handle tax advice for their clients can depend on how large their firm is.

David Wessel of the Brookings Institution talks about his new book “Only the Rich Can Play: How Washington Works in the New Gilded Age.”

Cryptocurrency investors would have little time to plan against possible tax increases under legislation advancing in Congress.

The service lifted the limit from $19,500 as part of its annual inflation adjustments.

Once again, the proposal would cap certain IRAs and require distributions once thresholds are met.

Democrats, unable to gain traction on taxes that affect only the ultra wealthy, have turned to trusts as little as $200k.

That Rothko, Basquiat or Banksy hanging in the front hall may be a great way to get a tax break.

Inflation, social security, taxes, custom indexing: here are the retirement stories that mattered most this quarter.

As Congress wrangles, advisors are struggling to figure out how to help clients.

The latest proposal underscores a fierce fight in Congress over ways to pay for Biden's slimmer social-spending agenda.

With banks and the Federal Reserve now eyeing more lasting inflation, many financial advisors are adjusting things for their clients.

Money managers are hiking bets on the great inflation trade of 2021, as the biggest risk to price stability in more than a decade rocks corporate boardrooms and Wall Street trading floors.

Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas).