It's tax-free weekend in Ohio.
- Miami Herald
When a Surfside condominium tower collapsed last year killing 98 people, a wave of sympathy reached all the way to Tallahassee: Gov. Ron DeSantis and state legislators forgave the unit owners’ tax bills, totaling hundreds of thousands of dollars.
Lots of folks are considering doing Roth conversions lately, as the tax climate (and the market) is favorable for converting. Deb had come to my office last year to discuss just such a situation. Deb is already receiving Social Security, but not yet at RMD age (required minimum distribution, age 72 for most).
- The Hill
The Senate has passed a massive climate, tax and health bill that is a big win for Democrats, who have been trying to get some version of the measure completed for much of President Biden’s term in office. There are clear political winners and losers throughout the legislation, which makes changes to the tax code…
News on the federal student loans pause and possible student loan forgiveness could come soon—until then, there are some key things to know about student loans and taxes.
Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.
(Bloomberg) -- The House Democrats who had threatened to block President Joe Biden’s tax and climate plan unless it also expanded the deduction for state and local taxes are now signaling they’ll back the legislation when it comes up for a vote later this week.Representatives Josh Gottheimer, Tom Suozzi and Mikie Sherrill, who have led efforts for months to include an increase to the $10,000 cap on deductions for state and local tax, or SALT, said they will vote for the tax and climate bill pass
Some of America's Largest Corporations Pay Zero Taxes. Here's How Congressional Democrats Aim to Change That
Progressive Democrats have been grousing for what seems like eons about the fact that some of the nation’s wealthiest corporations avoid paying their fair share in taxes. This weekend, the Senate inched a step closer to a fix when it approved a historic $370 billion climate and healthcare spending package that would be paid for almost entirely by new tax increases on large corporations. The measure seeks to end a decades-long trend that saw some of the world’s most profitable companies find ways to shelter their profits from federal income taxation, often by accelerating depreciation, offshoring profits, awarding stock options to executives and maximizing tax credits.
Stocks and bonds have both taken a beating this year, but that can create an opportunity to save big on taxes for retirees who don't need their required minimum distributions (RMDs) to live on. In other words, there's a simple … Continue reading → The post This Move Can Save You Big on RMD Taxes appeared first on SmartAsset Blog.