United States

Why You Should Double Up on Deductions This Year
(New York) Proposed tax reforms mean it might be a good idea to double up on your or client deductions this year. The way it would work is that a taxpayer—single or married—would combine itemized deductions this year and then take the standard deduction in the adjacent year. The piece gives an example of how an average couple could save over $3,000 in taxes by using the strategy this year and next. Trump plans to raise the standard deduction to $15,000 for individuals and $30,000 for couples, but his reforms would limit itemized deductions for home mortgage interest and charitable…

Congress Just Passed a Big Change Helping Healthcare

 |  Thursday, 08 December 2016 09:31  |  Published in United States
Congress Just Passed a Big Change Helping Healthcare
(Washington) Healthcare industry stocks have been on a tumultuous ride over the last few years, with shifting sentiment on Obamacare, the prospect of more Clinton-induced regulation, and now the potential repeal of Obamacare under Trump all affecting the stocks. Well, investors in the sector can be happy today as yesterday the Senate passed the “21st Century Cures bill” which will cut red tape at the FDA and speed the approval process for news drugs and devices. Many are praising the rule as it will get patients new medicines faster and eliminate the imposition of large, costly, and lengthy studies that…

Get Ready for a Fight: Trump Appoints Climate Change Denier

 |  Thursday, 08 December 2016 09:28  |  Published in United States
Get Ready for a Fight: Trump Appoints Climate Change Denier
(Washington) Climate change is one of the hot button issues of our day. The degree to which the topic is politicized is nearly without precedent over the last decade, and thus the response that is likely to follow Donald Trump’s latest appointment seems inevitable. Trump has just named Scott Pruitt as head of the Environmental Protection Agency. Pruitt is a well-known climate change denier—like Trump himself—and is leading a push to repeal the climate change rules Obama put in place during his term. Pruitt has commented that the EPA has bullied states and acted unlawfully in putting forth rules, a…

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