Many of the processing delays and customer service shortages that have plagued the IRS for years will persist this year, Treasury officials warn.
If Congress finally comes to an agreement on the bill, some provisions could be retroactive. The state and local tax deduction hangs in the balance.
As firms chase scale with bigger and bigger deals, RIA sellers are enjoying the ride of record-level valuations.
Survivors are subject to an earnings limit if they claim the benefit before reaching full retirement age.
The agency has not set a reentry date for in-person appointments, although some executives have returned to their offices as of December.
There's good and bad news on the horizon, including the biggest annual cost-of-living increase in 40 years, but also an offsetting rise in Medicare premiums.
Medicare high-income surcharges combined with higher Medicare premiums will take a bigger chunk of retirement benefits in the new year.
The legislative highlight of the year was Democrats raising fewer taxes on the wealthy than anticipated.
Many advisers are telling clients to wait until the smoke clears on Capitol Hill before making major tax planning decisions.
The Fidelity Charitable poll confirmed an upward trajectory in giving, while Vanguard Charitable updated a web tool that helps investors target donations toward homelessness and hunger.
The pandemic is boosting retirement among baby boomers, as well as their questions about when to claim benefits.
Is it better to donate cash or stock to charity? Learn about the after-tax benefits of both methods of charitable giving—plus a third option you may not have heard of before.
Joint Committee on Taxation data show that while millionaires collectively would pay a higher tax rate under the Build Back Better Act passed by the House, those earning at least $1 million would collectively pay $46.8 billion less in taxes.
The House measure lifts the cap on state and local tax deductions to $80,000 from the current $10,000 limit, while a Senate proposal would cap the deduction based on income.
House Democrats have proposed increasing the cap to $80,000 from $10,000 through the end of the decade; Senate Democrats are working on a less generous option.
Investors may bristle at the mere mention of tracking error—but that’s what helps them keep more of their money while maximizing their after-tax returns.
As fund companies start to post annual tax distributions, more than 110 funds are already showing capital gains distributions of more than 20%.
Congress has retirement accounts in its sights for future tax increases, but financial advisers can help their clients make some defensive moves now.
Discover 5 of the most common misconceptions your female clients may have about Social Security and how you can help them maximize their benefits as part of an overall retirement strategy.
The measure would place limits on individual retirement accounts, including preventing contributions to accounts once they reach $10 million, and give the IRS more oversight over them.
