Lawmakers eye paths to enhance SALT deduction
While many have called for the repeal of the cap on the state and local tax deduction, a group of lawmakers continue to debate ways to enhance the SALT deduction.
Category: Taxes
Consider a Roth IRA for summer employment earnings
Students may want to consider using a Roth IRA to save some of their summer earnings.
Treasury offers more details on tax proposals
Taxpayers receive more clarity on recent tax proposals from the Treasury.
Tax-planning ideas and opportunities in the muni market
Given the possibility of higher taxes in the future, investors may consider reviewing tax planning ideas and consider opportunities in the muni market.
Identify year-round tax ideas from a 1040 form
For many, the 2020 tax filing deadline is over, and it may be time to look at the year ahead and identify year-round tax ideas from a 1040 form.
White House proposes tax hikes for high earners
The administration released a new proposal including spending for education, childcare, healthcare, nutrition, and other family support as well as tax hikes for high earners.
Proposed tax hike may drive shift in business structure
A Biden administration proposal calls for a tax hike for corporations. If approved, it may impact how certain business owners structure their business.
10 ideas to use a Roth IRA to mitigate higher taxes
Investors may want to consider certain strategies to hedge against the risk of higher taxes, including using a Roth IRA conversion.
Four key tax changes in the new pandemic relief bill
In addition to broad relief measures, the latest pandemic relief bill includes several tax changes that could impact planning.
Top questions from advisors about taxes
Advisors are fielding many questions about taxes and the outlook for tax increases under the new administration.