Pals who eat together flickr Editorial/Getty Images Just say the number 47 percent and many people know exactly what you are talking about: It was the calculation that the Tax Policy Center did a decade ago of the share of people who pay no federal income tax. At least among tax and political geeks, the number became
Taxes
Getty Remember all of the times that the Internal Revenue Service (IRS) reminded you to do a payroll checkup (like this one)? And remember that you didn’t? The IRS is hoping you’ll reconsider this year. The agency has launched a new Tax Withholding Estimator that they hope will make it easier for everyone to figure
Share to facebook Share to twitter Share to linkedin Trump is one of two presidents over the past 40 years who hasn’t voluntarily released his tax returns. (Photo by Nicholas Kamm) AFP/Getty Images Topline: In the latest move to shield his tax returns from Democrats, President Donald’s Trump’s campaign has sued California in an attempt
Anthony Charles Dwight Box was at what I consider the end of the line in tax litigation – appealing his sentence from prison – when he heard from the Eleventh Circuit last month. It was not good news. The Circuit Court approved the 36 month sentence handed down by Judge Federico Moreno of the Southern District
Getty Correspondence season is in full swing. That means that the Internal Revenue Service (IRS) is sending out bills and notices to taxpayers – including correspondence focused on cryptocurrency and healthcare reporting. It may be hard for taxpayers to tell the real thing from the fakes – and scammers are taking advantage of the confusion.
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether income after 62 is used to calculate benefit amounts, benefits for grandchildren, the effect on Social Security benefits of a survivor benefit based on a public pension, the
Over half of businesses in the United States have increased their commitment to renewable energy in response to reports warning of a worsening climate crisis . A study led by Deloitte has shed light on how businesses and consumers are reacting to climate change and the steps they have taken to reduce their carbon emissions.
529s can help you save for college costs, but sometimes the limitations can offset the tax benefits. photo credit: Getty Getty 529 plans offer a useful and tax-efficient way to save for your kids’ education. Still, they aren’t for everyone. Limited options can offset some of the potential tax benefits. Plus options for using them beyond college costs
Credit: Getty Royalty Free Getty Selling an insurance policy you no longer need can be a good way to raise cash. Usually, this happens if a policyholder’s spouse has died, the holder can’t afford to pay the premiums or has a terminal illness. With these so-called life settlements, investors buy your policy at a discount
Does the risk of a law change make it unwise to wait until 70? Wait as late as you can to take Social Security. You’ll get more in the long run. Unless Congress double-crosses you. Open in Google Sheets Forbes Late claiming has been the standard advice coming from financial planners and from commentators like