Taxes

Congress is raising the age you must start withdrawing from taxable retirement accounts. But waiting too long can raise your taxes and Medicare Part B premiums. What’s best for you requires careful calculation, not following rules of dumb. The answer is definitely yes! But let me provide some background for why this question is of

As of April 1, more than 70 million taxpayers have gotten refunds, averaging $3,175, on their 2021 tax returns. If you file your tax return electronically, choose direct deposit and don’t make any mistakes, you could get your refund in 21 days or less. If you file on paper, you’re stuck in line behind folks

Doing your taxes this holiday weekend? As of April 8, the Internal Revenue Service had processed nearly 100 million individual tax returns for tax year 2021 and issued more than 70 million refunds. The average refund: $3,175. Here are some last-minute tips on how to get a bigger tax refund, including some special tax breaks

Jobs are coming back from the pandemic recession in many sectors, with healthy growth across many industries—but not state and local government. We need public employment to provide the infrastructure and services that make a modern economy run while taking care of those in need, and our failure to invest in public workers is costly

There are two universal principles regarding the reasonableness of employee compensation: (i) most people feel they are undercompensated and (ii) those same people feel their friends and neighbors are overcompensated. There are many reasons for this phenomenon, but for our unscientific purposes it’s enough to think of reasonableness like beauty – it’s in the eyes

Stop the presses. Reports are in that tax compliance is more challenging for “independent workers” than for W-2 employees. The Independent Economy Council (IEC) released its survey of 1,003 individuals who earn the majority of their income from “independent work”. “Independent work” includes freelance work, gig work, on-call work or anything else considered to be

Today’s Social Security column addresses questions about early filing reductions and delayed retirement credits, filing with a spouse and a disabled child and how survivor’s benefits are calculated. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have

The exchange-traded fund industry has been booming for the past few years. Much of these gains in assets have come at the expense of old-school mutual funds. Some investors have transitioned to ETFs because of lower expense ratios when compared to similar mutual funds. Many wealthier Americans have been guided towards ETFs for their tax

Topline Some of America’s richest billionaires—including the likes of Bill Gates, Michael Bloomberg and Ken Griffin—were among the highest earners between 2013 and 2018, but that didn’t mean they paid the highest income tax rates, as detailed by a new ProPublica report that cites confidential Internal Revenue Service data. Key Facts The new report from

Robert Goulder and Joseph J. Thorndike of Tax Notes discuss if more people should be paying income taxes and how efforts to change that have played out in the past. This transcript has been edited for length and clarity. Robert Goulder: Hello, everyone. I’m Bob Goulder, a contributing editor with Tax Notes. Welcome to In