Investment Interest Expense is Still Deductible, But That Doesn’t Necessarily Mean You’ll Benefit

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Investment Interest Expense is Still Deductible, But That Doesn’t Necessarily Mean You’ll Benefit

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January 31, 2019 , , , ,

investment interest expense

As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction the TCJA kept intact is for investment interest expense. This is interest on debt used to buy assets held for investment, such as margin debt used to buy securities. But if you have investment interest expense, you can’t count on benefiting from the deduction.
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Why the “Kiddie Tax” is More Dangerous Than Ever

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July 26, 2018 ,

kiddie tax

Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of their young children or grandchildren in lower income tax brackets. To discourage such strategies, Congress created the “kiddie” tax back in 1986. Since then, this tax has gradually become more far-reaching. Now, under the Tax Cuts and Jobs Act (TCJA), the kiddie tax has become more dangerous than ever.
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