Blog

Could on-site childcare become more attractive for businesses under President-elect Trump? On his website, Trump proposed during the campaign to increase the cap for a business tax credit for on-site childcare from $150,000 to $500,000 per year. And the recapture period for business would be reduced from 10 to five years. The president-elect’s website doesn’t provide any other details about this proposed tax break so stay tuned. In addition to...

Will you owe the 3.8% net investment income tax (NIIT) on unearned income? Try to reduce your exposure. It’s a good time for year-end planning for high-earners. The 3.8% NIIT is owed by married joint filers with a modified adjusted gross income of $250,000 ($200,000 for unmarried filers). But certain year-end moves can be used to reduce or eliminate it. For example, you might recognize investment losses to offset gains....