tax law
Get the Most from the Expanded Child Tax Credit
Get the Most from the Expanded Child Tax Credit
The latest government stimulus is a much-more generous child tax credit, with a new twist: The IRS is going to send you money each month, if you're el…
July 15, 2021
Tax Changes and Key Amounts for the 2021 Tax Year
Tax Changes and Key Amounts for the 2021 Tax Year
Americans are facing a long list of tax changes for the 2021 tax year. Smart taxpayers will start planning for them now.
June 28, 2021
8 Tax Tips for Gambling Winnings and Losses
8 Tax Tips for Gambling Winnings and Losses
If you pick the right horse at the track or win some money at a casino, don't forget that the IRS wants a cut of your winnings.
June 25, 2021
18 States With Scary Death Taxes
18 States With Scary Death Taxes
Federal estate taxes are no longer a problem for all but the extremely wealthy, but several states have their own estate taxes and inheritance taxes t…
June 17, 2021
Kentucky Derby: Tax Tips for Gambling Winnings and Losses
Kentucky Derby: Tax Tips for Gambling Winnings and Losses
If you picked the right horse and won some money on the Kentucky Derby, don't forget that the IRS wants a cut of your winnings.
May 2, 2021
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President Biden's Tax Plans for the Next Few Years
President Biden's Tax Plans for the Next Few Years
With control of both the House and Senate in Democratic hands, President Biden will be able to get more of his tax policy proposals through Congress. …
February 3, 2021
Joe Biden's Tax Plans for the Next Few Years
Joe Biden's Tax Plans for the Next Few Years
With control of both the House and Senate in Democratic hands, Joe Biden will be able to get more of his tax agenda through Congress. Here's what coul…
January 7, 2021
Election 2020: Joe Biden's Tax Plans
Election 2020: Joe Biden's Tax Plans
With the economy still in trouble, tax policy takes on added importance in the 2020 election. So, let's take a look at what Joe Biden wants to do abou…
October 22, 2020
CARES Act Expands Tax Deductions for Charitable Giving
CARES Act Expands Tax Deductions for Charitable Giving
Which tax break you can take under the economic stimulus bill depends on whether you itemize or claim the standard deduction on your 2020 tax return.
April 30, 2020
10 Ways the SECURE Act Will Impact Your Retirement Savings
10 Ways the SECURE Act Will Impact Your Retirement Savings
The new law changes the start date for RMDs, lets you contribute to an IRA longer, expands the use of 401(k) plans and much more.
February 28, 2020
10 Things Every Worker Needs to Know About the New W-4 Form for 2020
10 Things Every Worker Needs to Know About the New W-4 Form for 2020
The IRS overhauled the process for determining how much federal income tax to withhold from an employee's paycheck. As part of the fix, there's a new …
January 3, 2020
Secure Act Calls for Changes to IRAs, RMDs
Secure Act Calls for Changes to IRAs, RMDs
Nixing the age cap for contributions and raising the age to start required minimum distributions could affect workers, retirees and heirs.
June 14, 2019
New Law Could Change Rules for IRA Withdrawals
New Law Could Change Rules for IRA Withdrawals
Under the proposed legislation, you would have more time to take IRA distributions.
June 5, 2019
8 Tax Deductions Eliminated (or Reduced) Under the New Tax Law
8 Tax Deductions Eliminated (or Reduced) Under the New Tax Law
The Tax Cuts and Jobs Act lowered tax rates and nearly doubled the standard deduction, which is expected to reduce taxes for about 65% of taxpayers, a…
January 16, 2019
26 Ways the New Tax Law Will Affect Your Wallet
26 Ways the New Tax Law Will Affect Your Wallet
The new year starts with a new tax law affecting every taxpayer in the land.
August 8, 2018
Some Self-Employed Taxpayers Get a Big Break Under New Law
Some Self-Employed Taxpayers Get a Big Break Under New Law
The new tax law allows many self-employed workers to deduct up to 20% of qualified business income.
July 6, 2018
What the New Tax Law Means for Small Businesses
What the New Tax Law Means for Small Businesses
The most sweeping tax overhaul in three decades brings lots of good cheer for businesses, ranging from a lower corporate tax rate to big tax savings f…
May 17, 2018
Update Estate Plans in Light of New Tax Law
Update Estate Plans in Light of New Tax Law
Your current will, if it hasn't been updated in years, could shortchange or even accidentally disinherit your loved ones.
April 28, 2018
Rent? Own? Single? Children? 4 Case Studies Show How New Tax Law Could Affect You
Rent? Own? Single? Children? 4 Case Studies Show How New Tax Law Could Affect You
To see which way your tax bill might be headed in 2018, take a look at these four scenarios comparing the taxes certain types of people would pay in 2…
April 25, 2018
Charitable Giving Under the New Tax Law
Charitable Giving Under the New Tax Law
The new tax law may discourage donations. But you can still support your causes and reduce your tax bill with these strategies.
March 21, 2018
New Tax Law: 8 Smart Tax Strategies for Retirees
New Tax Law: 8 Smart Tax Strategies for Retirees
The federal tax code is undergoing its first significant makeover in 30 years.
February 23, 2018
New Tax Law Offers Added Incentive to Make Tax-Free Transfer of RMDs From Your IRA to Charity
New Tax Law Offers Added Incentive to Make Tax-Free Transfer of RMDs From Your IRA to Charity
Basic rules for charitable deductions stay the same under the new tax law, but a near doubling of the standard deduction may change people's giving.
February 22, 2018
Under the New Tax Law, Is My Alimony Tax-Free?
Under the New Tax Law, Is My Alimony Tax-Free?
The new policy goes into effect in 2019. Older divorces can be modified to follow the new rules—if both parties agree.
February 9, 2018
Giving to Charity: Strategies to Ensure a Tax and Human Benefit Under New Tax Law
Giving to Charity: Strategies to Ensure a Tax and Human Benefit Under New Tax Law
Changes to the tax law in 2018 have taken away most people's ability to deduct charitable contributions. But there are still a few options to consider…
January 31, 2018
How the New Tax Law Affects Retirees and Retirement Planning
How the New Tax Law Affects Retirees and Retirement Planning
Tax lawyers, accountants and financial planners are burning the midnight oil trying to figure out all the ins and outs of the new tax law.
January 12, 2018