In the dark of the night, snuggled within the 4,000+ page Omnibus Bill meant to keep the machine of government well-oiled, lies a passage that may change the future of retirement saving. And the average American worker is ready for it. Dubbed the “SECURE 2.0 Act of 2022,” it represents an extension of the original
Taxes
As a special Christmas present to all of us, the Secure Act 2.0 is expected to become law right before the holiday. The SECURE Act 2.0 caught a ride on the $1.7 trillion omnibus spending bill that was unveiled on December 19. While the bill presents numerous changes to existing retirement savings and withdrawal rules,
The world’s most famous tax returns are finding their way into the public record. The House Ways and Means Committee has already delivered a broad overview of Donald Trump’s tax filings during a six-year period, and his actual returns are slated for release in a few days. Predictably, people are talking a lot about Trump’s
The two new reports on the IRS’s handling of former President Donald Trump’s tax returns raise more questions than they answer. And the most important is: Why has the agency been so slow to review Trump’s returns? A report by the House Ways & Means Committee describes the agency’s review of Trump’s tax returns. A
Welcome to the Tax Policy Center’s annual Lump of Coal Awards for the worst tax ideas of 2022. Since it was an election year in the US and elsewhere and a year of eventful tax legislation, we were left with many misbegotten ideas to choose from. Here are 10 of the worst. 10. Rapping your