Treasury inspector general estimates those taxpayers have a total of $323 billion in state and local tax bills they won't be able to deduct.
They offer a range of potential tax benefits, but may not be for everyone.
Is naming beneficiaries outright or naming a trust as an IRA beneficiary better for your clients? Find out in this article
New progressive wing of the Democratic party is zooming in on biggest earners in effort to tackle rising inequality.
Bank was found guilty of helping French clients hide assets from tax authorities.
Those turning 66 this year are the last group eligible for the spousal claiming strategy.
With income thresholds higher and a lower SALT deduction after tax reform, the AMT will realistically only apply to wealthy Americans with out-of-the-ordinary tax events.
After determining a client is paying unnecessary taxes, LifeYield will recommend specific trades.
Readers are flocking to stories on tax-free munis — but why?
Buybacks are diverting cash companies should be using to make capital investments, GOP senator says.
Tackling growing loan burdens sparks bipartisan interest on Capitol Hill.
Some individuals' benefits will begin automatically; others have to take action.
Employees who handle refund processing were furloughed for most of that time.
Financial advisers bear bad news related to the state and local tax deduction that could surprise clients.
Sen. Brian Schatz, a Hawaii Democrat, is working on a plan that would tax financial trade.
The cap is a key revenue raiser in the $1.5 trillion tax-code overhaul.
Some say he should take credit for the economy, others want him to reach across the aisle on taxes and health care.
State and local government bonds tend to outperform when taxes are rising.
Delayed retirement credits end at 70, so there's no reason to defer claiming beyond that age.
