Tax strategies

Spousal lifetime access trusts are surging in popularity, but they aren’t as simple as some advisors or clients may think.

For Americans worried about rising prices and shrinking household budgets, January could bring another blow to the bottom line.

Practitioners can serve medical workers well by encouraging them to take the necessary time to establish a long-term tax plan.

Key negotiators continue to clash over the specific income limits for one of the unresolved issues in President Joe Biden’s economic agenda.

One key holdout — Senator Joe Manchin — said he’s skeptical he can vote for a bill that includes major economic changes.

The resources include articles and checklists that taxpayers and tax professionals can use to prepare for the new year.

Democrats’ tax bill would slash in half the tax benefits of founder stock, but a potential workaround exists.

The goal is increasingly challenged by competing priorities that include raising the debt ceiling and the divisions in the party over the massive tax and spending plan.

Senate Democrats negotiating an expansion of the state and local tax deduction aren’t near a deal, raising the prospect that talks will spill into next week — and potentially next year.

Here's a rundown of the most important changes poised to take effect five weeks from now, and how to take advantage of them or at least minimize the pain they could cause.

Negotiations over the deduction hit a new snag with two key lawmakers at odds over whether the plan should raise revenue for other spending priorities.

The Top 20 Firm released its 2021 Year-End Tax Guide, providing a wide range of tax-planning strategies and considerations for next year.

Whether a rich person will pay more or less in taxes largely depends on just how much income they get, and how it’s earned.

The Top 10 Firm's guide aims to help taxpayers and tax pros deal with the many tax changes of the past year and the ones expected to come next year.

The House passed a roughly $2 trillion bill incorporating the core of President Joe Biden’s economic agenda — ramping up funding for the social safety net and increasing taxes on corporations and the wealthy — sending it on to the Senate, where it’s likely to be significantly reshaped.

President Joe Biden’s signature plan to expand the social safety net, address climate change and rewrite tax policies passed the House Friday morning as Speaker Nancy Pelosi united fractious Democrats to send the legislation to the Senate, where its fate remains uncertain.

The House reconvened for the vote Friday after Republican leader Kevin McCarthy delayed action with a more than eight-hour floor speech.

A bipartisan group of lawmakers wants to alter who counts as brokers of crypto assets, less than a week after the current designation became law.

Sen. Bernie Sanders is working on a proposal to set an income threshold for an unlimited state and local tax deduction.