Results for "tax"

Displaying 1,179 results

Sort: Date | Relevance

Author:

Tax reform could be expensive for middle class

September 18, 2017

Here's what we know about the details of the tax reform plan: almost nothing. Powerful lawmakers are promising at least a framework for the overhaul by the end of the month. The broad goals are lower rates for corporations and individuals, a...

Opponents of shifting to Roth plans speak up in Senate

September 15, 2017

Sen. Sherrod Brown, D-Ohio, promised "one hell of a fight" if tax reform negotiators consider shifting retirement savings tax incentives to Roth accounts instead of 401(k) plans, as a way to pay for corporate tax cuts. Speaking at a Senate Finance...

Trump kicks off effort to sell a tax plan that is short on details

August 30, 2017

President Donald Trump warned Congress not to miss a "once-in-a-generation opportunity" to boost the economy with a massive overhaul of the U.S. tax code as he kicked off his effort to sell the American public on his tax plan Wednesday at a...

IRS provides 401(k) tax relief due to Hurricane Harvey

August 30, 2017

The Internal Revenue Service on Wednesday announced it would provide relief to taxpayers adversely impacted by Hurricane Harvey by allowing use of 401(k) assets to address hardships caused by the storm and easing any associated tax rules. Distributions...

Killing estate tax could kill charitable giving

August 25, 2017

Most Republicans support killing the estate tax as part of a tax overhaul, but doing so could have dire consequences for something else conservatives cherish -- charitable giving. President Donald Trump along with top GOP lawmakers have proposed...

How financial advisers can take advantage of tax reform uncertainty

August 24, 2017

All eyes are on the prospect of tax reform as congressional Republicans push hard to deliver on one of their most coveted policy goals. While their ability to achieve tax reform is far from certain, there are strategies financial advisers can...

Kiddie tax rules can catch both advisers and investors by surprise

August 23, 2017

When your clients hear the term "kiddie tax," they might think of an introduction to personal finance class at their children's elementary school. But as many of us have learned, it's actually an all-too-real tax on a child's investment and...

In poll, economists say they expect Congress to pass tax cuts by Nov. 2018

August 14, 2017

The pros who make their living forecasting the economy overwhelmingly expect President Donald J. Trump and his fellow Republicans to push through tax cuts in time for next year's congressional elections. They just don't think that the reductions...

Bannon proposal to raise top tax rate dismissed by White House official

July 31, 2017

A top income-tax rate of 44 percent for Americans earning more than $5 million per year isn't under consideration, a White House official said Monday, knocking down a proposal said to be backed by top Trump adviser Steve Bannon. "I don't think...

Postponing tax is a lofty goal

July 27, 2017

When providing advice and managing investments, cutting clients' tax liabilities is of extreme importance. In fact, these days, it's even more important than ever because: clients hate paying taxes; robo-advisers claim to save investors lots...

Bannon plan to raise taxes on highest earners may find GOP support

July 27, 2017

White House chief strategist Steve Bannon's plan to raise the top income-tax rate for America's highest earners could find some support among congressional Republicans as part of a populist message to sell a broader tax overhaul, according to...

Time to remind clients about taxes

July 20, 2017

As Congress turns its attention to taxes, it might be a good time to turn your clients' attention to the amount Uncle Sam takes from investment returns. The IRS levies taxes on dividends and capital gains distributions in taxable accounts, as...

Promises by Congress to protect retirement-savings incentives don't ease advocates

July 12, 2017

A recent promise by House Speaker Paul Ryan to protect incentives for retirement savings hasn't completely set advocates at ease, as they worry about lawmakers coveting the potential revenue that could be generated by curbing such tax breaks....

Trump's tax cuts would cost $7.8 trillion and go mostly to wealthy

July 12, 2017

President Donald J. Trump's proposed tax cuts would lower federal revenue by $7.8 trillion over a decade and mostly benefit the highest earners, according to a new study released Wednesday by the nonpartisan Tax Policy Center. About 40 percent...

GOP to keep Obamacare taxes on wealthy in latest health-care bill: sources

July 11, 2017

Senate Republican leaders dropped provisions that would repeal two taxes on high earners in a revised draft of their health-care bill sent to the Congressional Budget Office, according to GOP senators. Republican leaders are now planning to...

Tax reform uncertainty grows as congressional calendar shrinks

July 10, 2017

Congress returns from its mid-summer break Monday for a crucial three-week stretch that will help determine whether President Donald Trump can deliver on his promise of a historic tax cut. Several obstacles await lawmakers, including an ongoing...

'Less pressure' on changes to defined contribution plans under tax reform: Graff

June 26, 2017

The state of political affairs in Washington is making it less likely that there will be major changes to the treatment of defined contribution plans under any upcoming tax-reform legislation, an executive with the largest association for retirement...

Paul Ryan reiterates goal to kill estate tax, maintain retirement-savings incentives

June 20, 2017

Four days before the one-year anniversary of the release of his tax blueprint, House Speaker Paul Ryan delivered a pep talk seeking to assuage growing doubts about the prospects for a major tax overhaul. "We're going to stick the landing because...

Fidelity launches funds that can make RMDs for aging baby boomers

June 12, 2017

Fidelity Investments is hoping to rouse interest in an otherwise sleepy market for managed-payout funds by launching funds that can make required minimum distributions for investors, at a time when the first baby boomers have just started reaching...

4 ways to reduce RMD taxes

June 9, 2017

Required minimum distributions (RMDs) usually mean an increase in taxes. Here are four ways you can reduce this RMD burden for your clients. 1. Qualified charitable distributions (QCDs) QCDs should be in play for every IRA client 70 ½ or older...

Next Page »

1 | 2 | 3 | 4 | 5 ... 59