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The former Treasury secretary is concerned about the potential knock-on effects of a proposed levy on the super-wealthy.
October 27 -
Senate Democrats detailed their proposed levy on the ultra-wealthy, a new and logistically risky approach to taxation.
October 27 -
The NCAA began allowing university athletes to earn money from their name, image and likeness this summer, and now they could find themselves owing taxes for the first time in their lives.
October 22 -
The spending package could still include a measure to expand or temporarily remove the cap on the deduction on state and local taxes.
October 20 -
The Treasury Department suddenly softened its plan to track consumer transactions after critics protested that it would target low-income workers.
October 19 -
How to network; testing cyber defense; Pandora the explorer; and other highlights from our favorite tax bloggers.
October 12
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Good luck getting in to see an estate planner if you don’t already have one. Cross your fingers if you do.
October 12 -
What pros are making; getting clients to pay; keeping the SALT cap; and other highlights from our favorite tax bloggers.
October 5
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Democrats risk settling for a less generous expansion of the state and local tax deduction than previously hoped after President Joe Biden conceded that lawmakers will have to scale back his economic agenda to get it enacted.
October 5 -
One suggested that a two-year repeal of the $10,000 cap will be the final solution.
September 28 -
The specific tax hikes remain to be detailed, as does any move to suspend or expand a $10,000 SALT cap.
September 27 -
Democrat legislators are attempting to move forward with the next step needed to pass President Biden’s economic agenda.
September 24 -
Paying guests at the Met Gala get to deduct much of the $35,000 ticket price, says Matthew Yglesias.
September 22 -
High-earning taxpayers would face much smaller tax hikes — or even cuts — if Democrats decide to restore the federal deduction for state and local taxes in legislation that’s now moving through the House.
September 17 -
Taxpayers and tax professionals in some Western states will need to begin using a new mailing address.
September 14 -
House Democrats are considering a two-year repeal as one of their potential paths to undoing the $10,000 cap on the federal deduction for state and local taxes.
September 14 -
While Biden isn’t getting some of his proposed tax increases on the wealthy, some surprising new hikes may be in the works.
September 13 -
The stumbling block is scrapping the deduction limit without losing progressives wary of a tax cut that would overwhelmingly benefit the wealthy.
September 9 -
Fighting among Democratic lawmakers over proposed hikes in individual and capital gains taxes is intensifying, creating more questions and opportunities for advisors.
September 7 -
The new product is a move toward readiness for the U.K. tax authority’s “Making Tax Digital” initiative.
August 31



















