Tax

Displaying 1626 results

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Biden eyeing capital gains tax rate as high as 43.4% for wealthy

The administration reportedly is considering boosting the tax rate on the capital gains to 39.6% from the current base rate of 20%.

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Preparing for higher taxes

Tax-related advice is one of the few areas where advisory expertise so clearly and quickly shows its worth.

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Biden tax talk seen driving RIA M&A activity

The record deal volume in the first quarter is being attributed to multiple factors, not the least of which is President Joe Biden's threats to hike capital gains taxes.

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Biden tax hikes dominate adviser-client discussions

There's a sense of urgency to make moves to take advantage of today's low tax rates because they may be going up soon. A $2.3 trillion package contains a proposal to increase the corporate tax rate from 21% to 28%.

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Foes of SALT cap threaten Biden tax plan

Three House Democrats say they won't support the tax hikes needed to support the administration's infrastructure proposal unless the plan repeals the cap on state and local tax deductions.

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Biden aims to roll back corporate tax cuts

The president's infrastructure plan would reverse a large part of Trump's tax cut, which proved to be a huge boon for the stock market.

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Biden determined to tax rich after windfalls from Covid

There’s rising confidence at the White House that evidence of widening inequality will translate into broad popular support for a tax-the-wealthy strategy.

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IRS delays tax deadline to mid-May

The change comes after calls from accountants and leaders in Congress to delay the due date as new legislation and pandemic-related work changes disrupt taxpayer plans.

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Renewed Treasury focus on estates could mean tax hikes for rich

Planned projects in the area that were cut back under the Trump administration would restrict access to tools for reducing estate tax bills.

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Strategies for maximizing clients’ charitable impact in 2021

Take advantage of an environment that's favorable for charitable giving to engage in tax-smart, high-impact philanthropy.

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Small business tax deductions you need to know

There are small business tax deductions that financial advisers need to know, including work-from-home deductions.

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Wealthier clients saving in 401(k)s may fall into tax trap

Too much money in tax-deferred retirement accounts could undermine clients' financial plans if taxes rise in the future to pay for today’s exploding government spending.

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Advisers express skepticism about Warren’s wealth tax

The measure faces a difficult legislative journey in a narrowly divided Congress, even if it becomes part of a reconciliation bill that can be approved by a simple majority in the Senate.

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Elizabeth Warren, other progressives propose ‘Ultra-Millionaire’ tax

The measure would impose a 2% annual tax on households and trusts valued at between $50 million and $1 billion; all net worth over $1 billion would be taxed at 3%.

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What advisers need to know about the new employee retention credit

Advisers need to grasp the Employee Retention Credit, in order to better inform their clients and make better decisions for their own businesses.

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Three Advantages of a Custom Passive SMA for the Taxable Investor

A custom passive separately managed account (SMA) may hold distinct tax advantages for investors. Explore the benefits of transitioning from traditional ETFs to custom SMAs.

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How technology can help advisers talk to clients about PPP loans

Understanding the facts about taxes and eligibility for new PPP loans can help you decide if one is right for one of your clients’ businesses.

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Surprise tax bills, credits await as IRS filing season begins

Some people could benefit from filing quickly this tax season, as Congress works on another round of stimulus checks, while others may benefit from holding off.

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Beware: Enrolling in Medicare can nix contributing to an HSA

HSAs have no annual use-it-or-lose-it requirements, and balances can be carried forward from year to year and withdrawn tax-free in retirement to pay for medical expenses, such as Medicare and long-term care premiums — but not Medigap premiums.

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Dramatic changes to legislation seem unlikely despite full Democratic control

An evenly divided Senate might tweak rather than overhaul investment-advice policy, such as the treatment of rollovers, while resisting some tax increases Biden advocated during the election.