Today’s column addresses questions about how Social Security survivor’s benefits are calculated if the record holder dies before filing for their retirement benefit, eligibility for benefits on the record of a first spouse after remarriage and taking spousal benefits before full retirement age. Larry Kotlikoff is a Professor of Economics at Boston University and the
Taxes
There’s a lot of talk in Washington about a compromise infrastructure bill that would include a hike in the federal tax on gasoline and diesel fuel. Bad idea! This segment of What’s Ahead lays out why. Proponents say this tax hasn’t risen in years, and is thereby lagging inflation. And they also point to the
President Biden and Democrats and Republicans in Congress have begun a fascinating game of three-dimensional chess over Biden’s $2.2 trillion infrastructure spending plan and the way to pay for it. As the game begins, it may be worth looking at where public opinion stands on infrastructure spending and how it should be funded. To start,
Its tax day folks and the process of preparing them can be difficult if not arduous, even though for several years now the IRS has advocated for a free filing system to make it easier for Americans to complete them. Over 40% of Black Americans make less than $40,000 per year, putting them at an
With the standard deduction being so high, fewer and fewer US households go the itemized route. Although this does help simplify your tax returns, many of us can be short-changing ourselves by taking the easy way out. Here are 8 tax tips along with some of the most overlooked tax deductions that you still have