Thanks to the Tax Cuts and Jobs Act, the standard tax deduction will become $12,000 per person in 2018 — almost twice what it was in 2017 ($6,350). And, a married couple’s standard deduction increases ...

The new $40,000 SALT cap opens doors for savvy tax planning. Learn strategies like bunching deductions and prepaying taxes to ...

Donating to charity isn’t just a way to have a positive impact on society – it’s also a savvy approach to reducing your tax liability. Schwab suggests people who donate to charity on an annual basis ...

The 2017 Tax Cuts and Jobs Act has been something of a mixed bag for high-net-worth families. The 260-basis-point cut of the top individual tax rate and the increased threshold to enter the highest ...

The bunching strategy involves grouping charitable contributions for a maximum tax benefit. “Ever since the 2017 Tax Cut & Jobs Act, most households don’t have enough charitable donations to clear the ...

The 2017 Tax Act: The act significantly changes itemized deduction planning, making it very simple for some and more daunting for others. Most know the overall rules by now. But it doesn’t hurt to be ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions, but that means losing out on potential tax benefits for charitable giving. If you regularly donate ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Bunching is the combining of multiple odd-lot or round-lot orders ...