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SALT cap will affect nearly 10.9 million people
Treasury inspector general estimates those taxpayers have a total of $323 billion in state and local tax bills they won't be able to deduct.
IRS sends out fewer refund checks first week of tax season than last year
Employees who handle refund processing were furloughed for most of that time.
Were any required minimum distributions missed last year?
Who is responsible, and what to do now that it's happened.
Surprise tax hit awaits investors in hedge funds
As result of new cap on deductions, trader hedge funds like Point72 likely to see increase on their tax bills.
New tax laws invite strategic sidestepping
Uncertainty looms, but there may be some good news ahead for taxpayers.
IRS proposes no 'clawback’ from higher estate and gift tax exemption
The tax agency says it won't try to collect retroactively when the higher exemptions expire in 2025.
Year-End Tax Planning Strategies: 5 Essential Tips
While the new tax laws will complicate year-end planning, there are some steps people can take.
IRS raises 2019 401(k) contribution limit to $19,000
A cost-of-living adjustment also raises IRA contribution limit to $6,000.
Taking advantage of opportunity zone investments for tax breaks requires high risk tolerance
Advisers say people most likely to participate also meet the income and net-worth thresholds to qualify as accredited investors.
Wining and dining are still tax-deductible, says IRS
Companies can still deduct 50% of meals while entertaining clients and customers.
Here’s what could happen to your taxes if Democrats regain control of Congress
Boosting the corporate tax rate, eliminating carried interest and modifying the pass-through provision are among the possibilities Democrats are discussing.
New York, Connecticut taxpayers look to Plan B options to avoid SALT
A few potential back-up plans exist, but there's a lot you should know before forging ahead
New York taxpayers have four-day window to try to beat SALT cap
IRS regulations announced this week don't take effect until after Monday.
Alternative minimum tax a casualty of tax reform nobody will miss
Last year's overhaul is expected to slash the number of taxpayers subject to the AMT
IRS blocks New York, New Jersey plans to elude cap on SALT deduction
States' strategies of characterizing property taxes as charitable contributions won't fly, agency says.
IRS provides guidance on pass-through taxes, targets loophole
Proposed regulations make it clear the agency considers splitting up businesses to get around income limits abusive.
Indexing capital gains for inflation could provide tax windfall
Observers say the proposal could open up areas of arbitrage, depending on how it's drafted.
IRS provides guidance on 529 plans
IRS OKs up to $10,000 in K-12 spending and rollovers to ABLE accounts; makes recontributing tuition refunds to 529s tax-free.
Can inherited IRAs be split in a divorce?
A new phenomenon may signal a trend in which IRAs play a bigger role in divorce settlements.
Tax loophole from 1960s could let wealthy tap 21% corporate rate
Provision related to investments held offshore could save wealthy Americans millions in taxes.
