To pay less in taxes, sources of income matter. The president seems to have all the right sources, and plenty of losses to knock out that income
The Democratic presidential nominee would convert retirement savings tax deferrals to tax credits
The Democratic presidential candidate's plans would have little effect on the taxes paid by those earning less than $400,000 a year
The pandemic has encouraged owners of donor-advised funds to put to use some of the charitable dollars they've stockpiled
The 2017 tax law eliminated the federal write-offs previously allowed for unreimbursed business expenses and home offices
Americans gave nearly $450 billion in 2019, with 69% of that coming from individuals
The stock market declines help by shrinking the value of accounts, as well as the tax bill for converting assets
To avoid tax consequences, parents should consider putting partial refunds back into 529 accounts or applying the funds to fall tuition
Pushed-back deadlines for filing and paying, a one-time charitable deduction and the ability to make use of business losses are among the modifications to be aware of
The rates the IRS sets for estate planning purposes have never been as low as they are in May
The coronavirus recovery bill allows for the full deduction of donations up to your adjusted gross income
The postponement of the tax deadline is likely to provide some higher-income taxpayers with interest-free loans on their tax bills
The IRS should be able to make direct-deposit payments in about three weeks, but it will take the agency much longer to mail out paper checks
The need for social distancing has some clients signing documents in a parking lot, while others do the paperwork remotely via teleconferencing
The stock sell-off and plunging interest rates are benefiting grantor retained annuity trusts
