Tax planning

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.