May 29, 2024 | News to Note
From the Wall Street Journal — By Richard Rubin — WASHINGTON — Republicans want to extend the Trump-era tax cuts that lapse after 2025. A big point of debate now: Should they cover any or all of the $4 trillion cost — and how? Continue reading at The Wall Street...
May 22, 2024 | News to Note
From Forbes— By Janet Berry-Johnson— Realizing you made a mistake on your tax return? Don’t panic. If you overlooked a valuable deduction, say, or forgot to report some of your income, you can simply file an amended return. Amending your return to correct a...
May 15, 2024 | News to Note
From CNBC — By Kate Dore — President Joe Biden’s top economic advisor on Friday, May 10, laid out plans for the country’s looming debate over trillions in expiring tax breaks enacted by former President Donald Trump. Several provisions from the Tax Cuts and Jobs Act,...
May 1, 2024 | News to Note
From FinanceBuzz.com— By Adam Palasciano — With 2024 already underway, some substantial changes to retirement plans are in effect. These modifications could significantly impact your financial strategies. Maybe you were considering retiring early, but the new options...
Apr 24, 2024 | News to Note
From CNBC — By Kate Dore — Certain heirs have to deplete inherited retirement accounts within 10 years due to a provision in the Secure Act. However, the rules have confused taxpayers and the IRS has again delayed penalties for missed required minimum distributions....
Apr 17, 2024 | News to Note
From GOBankingRates — By Dave Ramsey — There are a lot of tax myths floating around because many people do not understand how their taxes work. Some you may have heard from family, friends or even a social media influencer. In this article, GOBankingRates examines...
