Taxes

Thousands Are Eligible for Tax Refunds From 2020

There’s still close to a month left for 940,000 people to file and collect refunds that are typically over $900.

Unpacking the Generation-Skipping Transfer Tax

Here are planning considerations for advisors, plus some of its pitfalls and proposed tax changes that may limit its use. (By Keith Grissom)

A Near-Zero Tax Bill? No Thanks

Real tax planning is about more than just this year’s tax return; what looks like a great deal may not be. (By DJ Hunt)

IRS Alert: Weight-Loss Food Is Typically Not a Medical Expense

Companies are falsely claiming that FSAs and HSAs cover or reimburse general health and wellness expenses.

Trump’s Tax Cut Fueled Investment but Did Not Pay for Itself

Researchers from top universities and the Treasury Department say the 2017 corporate tax cuts boosted investment, but have been expensive.

Executives Traveling on Corporate Jets Face IRS Scrutiny

Do you have executive clients who might be using a corporate jet for personal use? Tell them the IRS has announced a crackdown.

Tax Planning for Special-Needs Families

Inherited IRAs can be a valuable planning tool for these clients if they know the rules they must follow. (By Kristin Carleton)

Congressmen Want SALT Cap Doubled — Temporarily

The cap on state and local tax deductions (SALT) would be doubled — at least temporarily — if a group of Congressmen get their way.

House Passes Bipartisan Tax Bill, but Election-Year Politics Complicate Its Path

The effort is a test of whether a dysfunctional Congress can pass major legislation in an election year.

Vermont Becomes Latest State to Propose Wealth Taxes

The effort is part of a broader push across the country by progressive groups that hope to shake up the tax system.

Latest News

Bluespring Wealth Partners Acquires Scottsdale, Ariz., firm

Led by husband and wife Kevin and Carrie Dick, KDI Wealth Management oversees $750M in client assets and is rated in the top 10 in state by Forbes.

Judge Halts Rule Capping Credit-Card Late Fees

A federal judge in Texas halted the Consumer Financial Protection Bureau's new rule capping credit card late fees at $8.

Inflation, Economic Uncertainty Upending Retirement Dreams for Many

Nationwide’s Advisor Authority survey finds many are taking non-traditional approaches to retirement, including moving in with their adult children.

Perigon Wealth Management Appoints Head of Advisor Success and Integration

Maria Daley has more than 30 years of experience leading business development and relationship management teams.

SEC Wants RIAs to Verify Customer Identities

The SEC and Treasury say the rule is needed because customers have used RIAs for illicit foreign financial activity in the United States.

Concerns About Insufficient Savings Keep Many Retirees Awake, Survey Finds

Among those in retirement, 32% fear they have too little savings, according to the Schroders 2024 US Retirement Survey.

Families to Save $10 Billion Annually in Credit Card Late Fees

This estimate comes from the Consumer Financial Protection Bureau, whose new rule capping late fees at $8 is effective May 14.