The House recently passed H.R. 2954 Securing a Strong Retirement Act, being referred to as the Secure 2.0 Act, which has overwhelming bi-partisan support, with a vote of 414 in favor and only 5 opposing. The Act includes a great benefit for those individuals who are working on paying off their student loan debt but
Taxes
Dissatisfaction with the Biden Administration runs deep, and the GOP is expected to do well this November, thanks to inflation, sky-high gasoline prices, crime, our border crisis and—given the more dangerous world we live in—inadequate defense outlays. But What’s Ahead argues that there’s another subject Republicans should hammer hard: taxes. Americans are overtaxed. Recognizing this,
It’s tax time, and crypto gains can be painful, especially if you lost money after a taxable event but still have to pay the higher taxes. Taxes are an annual job, and the IRS says that cryptocurrency is property for federal tax purposes. That means that just about any transfer can trigger taxes. Since 2018,
The pressure on married couples to file joint returns is so strong that I am considering an addition to Reilly’s Laws of Tax Planning – Joint filing is an election. It is not one of your marital vows. It has generally been a harmless delusion for the happily or at least not utterly miserably married.
You may be counting on the step-up, Roth conversions and donor-advised funds. But politicians could snatch these goodies away. Billionaires are the first targets of tax hikes. You’re next. Take a close look at the tax plan in the budget proposal that came from the White House last week. It probably won’t be enacted, at