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Tax and Estate Planning

December 6

Tax law dilutes this important break after year-end

Taking a deduction for out-of-pocket medical expenses will face a higher bar in 2019.

November 30

IRS proposes no 'clawback' from higher estate and gift tax exemption

The tax agency says it won't try to collect retroactively when the higher exemptions expire in 2025.

November 21

Hedge fund investors lose key tax break

Inability to deduct management fees will make the funds, which are struggling this year, even less attractive to investors.

November 9

Getting divorced? Do it right now or pay much bigger tax bill

For divorces finalized starting next year, spouses paying alimony will no longer be able to deduct those payments.

November 2

5 year-end tax planning strategies

While the new tax laws will complicate year-end planning, there are some steps people can take.

October 25

NFL teams in high-tax states risk talent drain

Limits on federal deduction for state and local taxes could put them at a disadvantage in negotiations with free agents

October 5

The Trump family used this strategy to save on taxes

A type of trust known as a GRAT reportedly helped the Trumps save hundreds of millions of dollars in gift and estate taxes.

October 4

Super-rich are piling up wealth in black-box charities

Money flowing into donor-advised funds far outstrips grants being made from the funds.

September 7

Alternative minimum tax is a casualty of tax reform nobody will miss

Last year's overhaul is expected to slash the number of taxpayers subject to the AMT.

August 30

Here's what could happen to your taxes if Democrats regain control of Congress

Boosting the corporate tax rate, eliminating carried interest and modifying the pass-through provision are among the possibilities Democrats are discussing.

August 23

Can inherited IRAs be split in a divorce?

A new phenomenon may signal a trend in which IRAs play a bigger role in divorce settlements.

August 16

Pension plans are the new tax dodge for rich business owners

Barred from 20% tax break, wealthy professionals have found a new way to avoid hefty tax bills.

August 9

IRS provides guidance on pass-through taxes, targets loophole

Proposed regulations make it clear the agency considers splitting up businesses to get around income limits abusive.

August 3

Indexing capital gains for inflation could provide tax windfall

Observers say the proposal could open up areas of arbitrage, depending on how it's drafted.

July 26

Move to Florida to pay zero state personal income tax? Fuhgeddaboudit!

Tax collectors in states like New York make it really hard to leave.

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