Economic Security Planning, Inc. Today’s column addresses questions about spousal benefits, returning to work after disability benefits, retirement benefits before survivor benefits and decreasing what counts as substantial covered earnings due to the coronavirus shutdowns. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc,
Taxes
MIAMI SPRINGS, FLORIDA – JULY 16: Carlos Ponce joins other demonstrators participating in a protest … [+] to support the continuation of unemployment benefits. (Photo by Joe Raedle/Getty Images) Getty Images As Congress scrambles to pass another COVID-19 relief bill, it must decide how best to put money into the hands of people who are
WASHINGTON, DC – JUNE 30: Senate Majority Leader Mitch McConnell (R-KY) speaks during a press … [+] conference following the weekly Senate Republican policy luncheon in the Hart Senate Office Building on June 30, 2020 in Washington, DC. McConnell stated that a briefing could be arranged for Senators to get more information on the report
MIAMI SPRINGS, FLORIDA – JULY 16: Jose Abreu (C) and Shanita Rojas (R) protest in support of … [+] continuing federal supplemental unemployment benefits. Unemployment claims in Florida are increasing faster than the rest of the country. (Photo by Joe Raedle/Getty Images) Getty Images Senate Republicans and the White House may have reached a deal
getty The owners of the venerable “Tony Luke’s” cheesesteak franchise in Philadelphia have been charged with conspiracy to defraud the Internal Revenue Service (IRS), tax evasion, and aiding and assisting in filing false tax returns. According to the indictment, Anthony Lucidonio Sr., 82, and his son, Nicholas Lucidonio, 52, both of New Jersey, owned and operated Tony
ALBANY, NEW YORK, UNITED STATES – Among the most-populous 10 states, state and local tax revenue has … [+] increased the most in New York, much of it driven by tax hikes, especially in New York City. (Photo by Lev Radin/Pacific Press/LightRocket via Getty Images) Pacific Press/LightRocket via Getty Images Every year, the U.S. Census
Courier delivery food service at home. Man courier delivered the order no name bag with food. getty The coronavirus pandemic has magnified the problem of nonreporting and underreporting of gig work income by taxpayers who haven’t been getting information reporting from the online platforms they use to coordinate their work. Few workers seem to understand
getty Earlier today, the Senate passed S. 3841 by unanimous consent. The bill, which was first introduced by Senators Chuck Grassley (R-IA), Sherrod Brown (D-OH), Ron Wyden (D-OR) and Tim Scott (R-SC) in May, is titled “A bill to protect 2020 recovery rebates for individuals from assignment or garnishment, and for other purposes.” According to Sen. Grassley,
As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy—and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the American
TOPLINE As the clock ticks for Congress to pass another stimulus package to inject life into an economy battered by coronavirus, reports emerged late Wednesday night as to what Republicans are likely to propose in their version of the bill on Capitol Hill Thursday. Here’s what’s known so far: Sen. Mitch McConnell ASSOCIATED PRESS KEY