Getty The Internal Revenue Service (IRS) has issued additional guidance on state or local tax (SALT) cap workarounds, and there are no real surprises. The guidance largely puts an end to the benefits of those workarounds aimed at mitigating the consequences of SALT caps following the Tax Cuts and Jobs Act (TJCA). Under the TCJA,
Even as markets have recovered since 2008, more people are turning to rent rather than owning properties. Why? Shutterstock / pogonici Numbers from the Office for National Statistics (ONS) vividly illustrate the continuing boom in the UK property private rented sector. The numbers – the latest the ONS has published on the matter – reveal
U.S. stock index futures were sharply higher Thursday morning, after the Federal Reserve signaled possible interest rate cuts later this year. At around 02:40 a.m. ET, Dow futures rose 115 points, indicating a positive open of more than 130 points. Futures on the S&P and Nasdaq were both seen slightly higher. Market focus is largely attuned to monetary policy settings, after
The meeting between U.S. President Donald Trump and China President Xi Jinping at next week’s G-20 summit could sway the Federal Reserve at its next meeting, said the chief economist and head of research for Asia Pacific at ING, Rob Carnell. The U.S. central bank held interest rates steady on Wednesday and indicated that no
Federal Reserve Board Chairman Jerome Powell speaks during a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019. Saul Loeb | AFP | Getty Images Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called Libra that the
If you go to work every day just going through the motions, you aren’t alone. According to Gallup, only 33% of employees are engaged at work. So, how can nearly 70% of the workforce be disengaged? I believe it’s because there is a tremendous lack of recognition in the world today, or what I call
Researchers at the National Institute on Aging (NIA) want to know how some older adults retain their youthful thinking and memory abilities despite the evidence of neurodegeneration or Alzheimer’s-related pathology in the brain. And they’ve created a way they hope will help them find out. But they need the input of scientists, health care professionals and others to do it.
What To Do While We Wait To See If The Stretch Provisions Are Gone! Getty Getty A great many conscientious tax lawyers and other professionals have spent countless hours learning how to allow IRA and pension accounts that are payable to trusts for children or other non-spouse beneficiaries to remain under the IRA or pension
Home equity lines of credit – also known as HELOCs – are favored by many homeowners because they give you the flexibility to borrow money when you need it. However, they also have a downside. During the repayment period, your monthly payments can often raise dramatically, causing some homeowners to have sticker shock. If that
Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019. Saul Loeb | AFP | Getty Images Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company’s lunar plans on Wednesday, explaining how its spacecraft will eventually be