Tax strategies

The Internal Revenue Service responded Tuesday to calls for extending more tax deadlines by giving taxpayers until May 17 to make IRA and HSA contributions and file some refund claims.

With the passage of so much tax legislation over the past several years, there is tremendous opportunity for savings and planning.

Advisors are urging clients to make tax-planning moves this year to preserve the preferential capital gains rate and turbocharge business deductions.

More than a half century after Lyndon Johnson’s war on poverty, the new administration plans a mass expansion of government spending and a revamp of the Tax Code.

The Senate Budget Committee chairman wants to raise the corporate tax rate to 35 percent.

A conservative think tank is throwing its support behind proposals long associated with progressives like Elizabeth Warren and Bernie Sanders: taxing stock trades and breaking up Wall Street investment banks.

Democrats will likely prove successful in raising individual income tax rates and in strengthening audits of wealthy Americans as they work on overhauling the U.S. Tax Code in coming months.

Changing rules on taxation of gambling winnings may produce some unexpected upsets.

Yet another IRS change to tax rules amid the COVID pandemic is complicating tax-planning opportunities for financial advisors this filing season.

The Investment Tax Credit and the Production Tax Credit can provide value in the corporate climate under President Biden.

More than 20 percent of the wealthiest Americans’ income isn’t being reported to the Internal Revenue Service, according to a new study that calculates U.S. tax evasion is far higher than previously estimated.

President Joe Biden’s economic team at the White House is determined to make good on his campaign pledge to raise taxes on the rich, emboldened by mounting data showing how well America’s wealthy did financially during the pandemic.

Investors would face a 0.1 percent tax on each sale of stocks, bonds and derivatives under a Democrat-led proposal aimed at curbing risky trading behaviors.

Experts read the tea leaves in the American Rescue Plan and other early hints of the administration’s revenue proposals.

A look at the administration's tax agenda, and why they'll have to hold off on it until budget reconciliation is available again.

New ways of working may require states and other jurisdictions to take new approaches.

President Joe Biden said anyone earning more than $400,000 a year would see a tax increase under his forthcoming economic program, highlighting the administration’s plans to address inequality in part through levies on the wealthy.

For those with less than $150,000 in adjusted gross income who collected unemployment benefits this past year, the COVID relief bill allows them to receive up to $10,200 of those benefits tax-free.

The new venture enables CPA firms to help small-business owners secure employer-based tax help.

“Even the easy returns are not simple right now,” a CPA says.