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What’s the deal with Trump’s taxes?

What’s the deal with Trump’s taxes?

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

Why Joe Biden’s 401(k) plan could spur Roth contributions

Why Joe Biden’s 401(k) plan could spur Roth contributions

The Democratic presidential nominee would convert retirement savings tax deferrals to tax credits

Biden tax proposals mean bigger bills for millionaires

Biden tax proposals mean bigger bills for millionaires

The Democratic presidential candidate's plans would have little effect on the taxes paid by those earning less than $400,000 a year

Rich Americans donating more to charity

Rich Americans donating more to charity

The pandemic has encouraged owners of donor-advised funds to put to use some of the charitable dollars they've stockpiled

Working from home won’t get you any tax breaks

Working from home won’t get you any tax breaks

The 2017 tax law eliminated the federal write-offs previously allowed for unreimbursed business expenses and home offices

Donations to charity rose last year

Donations to charity rose last year

Americans gave nearly $450 billion in 2019, with 69% of that coming from individuals

Roth conversions pick up amid expectations that taxes will rise

Roth conversions pick up amid expectations that taxes will rise

The stock market declines help by shrinking the value of accounts, as well as the tax bill for converting assets

College refunds and 529 plans

College refunds and 529 plans

To avoid tax consequences, parents should consider putting partial refunds back into 529 accounts or applying the funds to fall tuition

All the ways tax season is different this year

All the ways tax season is different this year

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

Rich Americans grab historic chance to pass on wealth tax-free

Rich Americans grab historic chance to pass on wealth tax-free

The rates the IRS sets for estate planning purposes have never been as low as they are in May

For charitable givers, CARES Act offers big tax breaks

For charitable givers, CARES Act offers big tax breaks

The coronavirus recovery bill allows for the full deduction of donations up to your adjusted gross income

Wealthy win, low-wage earners lose in tax filing extension

Wealthy win, low-wage earners lose in tax filing extension

The postponement of the tax deadline is likely to provide some higher-income taxpayers with interest-free loans on their tax bills

Some stimulus checks may not arrive until September

Some stimulus checks may not arrive until September

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

More people want to write a will, forcing lawyers to improvise

More people want to write a will, forcing lawyers to improvise

The need for social distancing has some clients signing documents in a parking lot, while others do the paperwork remotely via teleconferencing

Heirs of ultra-wealthy can profit when markets plunge

Heirs of ultra-wealthy can profit when markets plunge

The stock sell-off and plunging interest rates are benefiting grantor retained annuity trusts