Tax breaks

The American Rescue Plan created some major changes to the dependent care tax breaks for 2021, and they will likely save your clients a considerable amount of money. Here’s a quick refresher.

A new bill would end the tax-exempt status for new sales of municipal bonds that finance professional sports stadiums.

These will offer tremendous tax-saving opportunities in the year ahead, but many people don’t take full advantage of them.

There may be a silver lining for crypto investors selling at huge losses during the recent market turmoil.

The “resident investor” incentive lures wealthy individuals with the promise of legally skirting U.S. income tax.

Sen. Ron Wyden is targeting Top 15 Firm Baker Tilly and others in an investigation into whether opportunity zone investments are benefitting low-income areas as intended.

Much of the data necessary for compliance is unavailable, according to a new report.

That Rothko, Basquiat or Banksy hanging in the front hall may be a great way to get a tax break.

Here are some tips for accounting firms to advise their clients and internal teams to invest in employee wellness.

Manchin said any new programs should be means-tested and that the tax offsets should include elimination of the carried-interest provision that especially benefits private equity firms.