Wealth Management
Market Pulse: January 2019 Economic Highlights
Economic and market highlights from the NP Investment Team for January 2019.—NP Investment Team
Tax Cuts and Jobs Act affects tax planning for education costs
The Tax Cuts and Jobs Act affected several tax provisions related to saving for education costs.—Smita Patel
Income Tax
IRS announces limited relief for 2018 underpayment penalties
The IRS has announced limited relief for underpayment of estimated income tax due for the year 2018.—Sarah M. Richards, Elena N. O'Leary
Income tax treatment of scholarships
Scholarships are free, no-strings-attached money to help a student pay for his or her higher education, right? Usually. But not always.—Christopher F. Caldwell
Deduction for medical and dental expenses modified in 2018
The ability to deduct medical and dental expenses in 2018 depends on a taxpayer’s medical and dental expenses relative to the taxpayer’s income.—Alyson Stevenson
Tips to ensure political contributions are proper
Political contributions are heavily regulated by the government and can impact public perception. If you are considering donating to a political candidate or organization, ensure that you carefully consider the following five factors before doing so.—Masha Rabkin
IRS standard mileage rate for 2019
The IRS has set the 2019 standard mileage deduction rate for travel related to business, medical, moving and charitable purposes.—Mary-Benham B. Nygren
The tax treatment of alimony is changing in 2019
The tax treatment of alimony for divorces filed before and after December 31, 2018 is different.—Aaron Poirier