Taxes
401(k)s Are Now Open to More Part-Time Workers
The 401(k) plan is one of the most popular qualified retirement plans around. However, in the past eligibility was generally restricted to an employer’s full-time employees.
New Tax Law Boosts ABLE Accounts
If you meet the tax law requirements and are receiving Supplementary Security Income (SSI) and/or Medicaid benefits, you’re automatically eligible to participate.
IRS, Treasury Let U.S. Semiconductor Chip Makers Know How to Claim Tax Credit
Tax incentive looks to boost the making of semiconductors and semiconductor manufacturing equipment in the U.S.
What’s a $100,000 Salary Worth Across America
SmartAsset used its paycheck calculator to apply taxes to an annual salary of $100,000, and adjusted the amount for the local cost of living, including housing, groceries, utilities, transportation and other goods and services...
The Tax Blotter – March 2023
Many of the changes for individuals in the Tax Cuts and Jobs Act (TCJA) are temporary and are scheduled to expire after 2025. But some are permanent provisions of the tax code.
Derek Chauvin Pleads Guilty in Tax Evasion Case
The former Minneapolis police officer imprisoned for the murder of George Floyd failed to file returns in 2017 and 2018.
PayPal, eBay Seek IRS 1099-K Relief for Online Sellers
The 1099-K Fairness Coalition wants Congress to ensure that casual online sellers aren’t burdened with the 1099-K form.
Tax Considerations for High-Net-Worth Individuals in 2023
Those who are not ready for this potentially seismic shift should speak to their advisors as soon as possible in order to take advantage of planning opportunities.