tax law

Election 2020: Joe Biden's Tax Plans
taxes

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
18 States With Scary Death Taxes
inheritance

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 estates taxes and inheritances taxes…
October 19, 2020
Tax Changes and Key Amounts for the 2020 Tax Year
tax law

Tax Changes and Key Amounts for the 2020 Tax Year

Americans are facing a long list of tax changes for the 2020 tax year...and it's never too early to start thinking about next year's return.
June 22, 2020
CARES Act Expands Tax Deductions for Charitable Giving
taxes

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
8 Tax Tips for Gambling Winnings and Losses
taxes

8 Tax Tips for Gambling Winnings and Losses

The American gaming industry is booming.
March 12, 2020

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10 Things Every Worker Needs to Know About the New W-4 Form for 2020
W-4 form

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
IRAs

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
IRAs

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
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
tax law

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
tax 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
business

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
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
tax law

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
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
tax law

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
tax law

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?
alimony

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
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
tax law

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
Big Change Afoot for the "Kiddie Tax" Under the New Tax Law
taxes

Big Change Afoot for the "Kiddie Tax" Under the New Tax Law

Though the exemption remains the same, the rates are quite different.
January 12, 2018
Gaming the Mortgage Interest Deduction Under the New Tax Law
tax law

Gaming the Mortgage Interest Deduction Under the New Tax Law

The rise in the standard deduction means far fewer people will be deducting mortgage interest.
January 12, 2018
Small-Business Owners Win Big in New Tax Law With 20%-Off Deal
small business

Small-Business Owners Win Big in New Tax Law With 20%-Off Deal

While small businesses don’t get as hefty a tax break as corporations do, they do get a 20% reduction of taxable business income. Here's how that work…
January 11, 2018
QCDs: Use This Tax Strategy to Get More From 2018 RMDs
IRAs

QCDs: Use This Tax Strategy to Get More From 2018 RMDs

Under the new tax law, those taking RMDs can get a tax break even without itemizing by giving to charity. Here's how qualified charitable distribution…
January 5, 2018
Winners and Losers in the New Tax Law (Including #MeToo)
tax law

Winners and Losers in the New Tax Law (Including #MeToo)

When dissecting who will benefit and who will pay more under the new tax law, it's enlightening to look beyond the obvious.
December 27, 2017