The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA didn’t repeal these taxes, it did significantly reduce the number…

In the 1959 film The Young Philadelphians, Paul Newman plays a promising lawyer trying to handle his social and professional problems while climbing the ranks in Philadelphia. In this scene, he explains the income tax benefits of donating appreciated stock to one of his clients….

Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes should factor into your decision.   Income, property and sales tax Choosing a state that has no personal income tax may appear to be the…

In many parts of the country, summer is peak season for selling a home. If you’re planning to put your home on the market soon, you’re probably thinking about things like how quickly it will sell and how much you’ll get for it. But don’t…

It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation shareholders…