Today’s column addresses questions about how stopping work before claiming a Social Security retirement benefit can affect the benefit amount, divorced spousal benefits and the family maximum that can be claimed on a single record and how the Government Pension Offset (GPO) is applied. Larry Kotlikoff is a Professor of Economics at Boston University and
Taxes
In the latest episode of Tax Notes Talk, David Thompson of the National Council of Nonprofits talks about how tax policy affects tax-exempt organizations and tax issues on the nonprofit industry’s radar today. The post has been edited for length and clarity. Fred Stokeld: I’m here today talking with David Thompson, vice president of public policy
If you earn income through cryptocurrency mining, staking, interest or trading, you might have to pay quarterly taxes (also known as estimated taxes) to the IRS and state to avoid underpayment penalties. What Are Quarterly Taxes? The US has a pay-as-you-go tax system. This means you are required to pay taxes on income as you
Some people look at India’s equalization levy and don’t like what they see. The aversion could stem from the details of the tax, or from Western discomfort with the fact that a prominent market economy has chosen not to sit on its hands while the OECD fiddles with a coordinated response to the challenges of the digital
Topline National Economic Council director Brian Deese on Monday defended President Biden’s proposal to nearly double the tax rate on long term capital gains and qualified dividends received by investors earning more than $1 million annually, emphasizing that only a small fraction of American households would see their tax treatment change if the plan were