Today’s Social Security column addresses questions about the maximum Social Security benefit an individual can receive, taking benefits early in order to invest them privately and overpayment of spousal benefits after filing and suspending. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See
Taxes
This is not about what I see as the most underreported tax story of 2021 – people who can save thousands from filing separate returns and avoiding credit phaseouts. You can read about that here. This is for the people who year in year out are pressured into signing joint tax returns without really understanding
Rohit Kumar of PwC discusses the Biden administration’s fiscal 2023 budget, explaining the new proposals and how the budget is different than the Build Back Better Act. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This
President Biden’s Test to Treat plan will allow people to test for COVID at a pharmacy and if positive, get effective new drugs. But it’s currently dysfunctional. Biden needs to kick ass and make sure Test to Treat is operational and known to everyone particularly pharmacists throughout the country. We now have wonderful new drugs
Reg. section 1.904-4(a)-(q) governs the separate application of the section 904 foreign tax credit limitation to categories of income. Published January 2, T.D. 9959 added guidance to the rules in reg. section 1.904-4(f) that govern the FTC limitation for the foreign branch income category. Section 901 allows a credit for taxes paid to foreign countries.
I recently wrote about the phenomenon of married taxpayers filing separately in order to avoid phaseout of recovery rebate and child credits. I picked up on the story by following #TaxTwitter, where tax pros go to commiserate. My sources on the tax press have confirmed my impression that this story has not garnered much coverage
Hello there, I hate to be the bearer of bad news; Tax Day is just around the corner. The Tax Deadline for your 2021 tax filing is April 18th, 2022. Don’t freak out. If you find yourself unable or unwilling to get your taxes done by that deadline, you can request an automatic six-month extension
Tax Notes reporters Jonathan Curry and Caitlin Mullaney set the record straight on 10 common tax myths. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: TikTok tax. There are a lot of bad ideas
New York’s official state motto is “Excelsior,” which means “Ever upward,” and that’s an apt description of how the state — along with Connecticut, Maryland, and New Jersey — has attempted to persuade the federal courts to enshrine the state and local tax deduction a feature of federal tax law. Undaunted by the fact that
State and federal lawmakers are debating an extraordinary range of often-contradictory energy-related tax changes. These inconsistencies have existed for years, but they rarely have been more apparent than today. We are at a time when climate experts increasingly are warning of the growing risks of unchecked fossil fuel use. Yet, we also are confronting a