Strategies to preserve step-up in cost basis under new tax landscape
The focus in estate planning has shifted to income taxes, including strategies for the step-up cost basis, a planning consideration to manage capital gains.
Tag: Tax Cuts and Jobs Act
Small-business deduction rules finalized
The Treasury and Internal Revenue service recently finalized the rules for claiming the small business deduction, introduced by the Tax Cuts and Jobs Act.
Form 1040 gets an overhaul under tax reform
Tax reform resulted in broad-based changes to the tax code as well as changes to the Form 1040 and other tax forms.
Five questions to ask your estate planning attorney about the new tax law
Estate planning remains important for investors despite changes under the new tax law.
Ten questions to ask your CPA about the new tax law
The new tax law could have a significant impact on how individuals and small businesses file income taxes and make tax planning decisions.
Will taxpayers pay more or less under the new kiddie tax rules?
Families with assets in custodial accounts for minors are wondering how the new tax law will impact those accounts, as changes were made to the kiddie tax.
Home equity loan interest may still be deductible under tax law
The Internal Revenue Service recently confirmed that home equity loan interest (HELOC) may still be deductible under the new tax reform law.
Impact of tax reform on state taxes is unclear
In addition to limits on deductions, tax reform may have a major impact on states that tie their tax system to some elements of the federal tax system.
Enhanced tax credits may balance lost exemption in tax reform
An increase in the child tax credit may help families realize a tax advantage even as the personal exemption is lost.