Today’s column addresses questions about how stopping work years before claiming benefits can affect benefit rates, when exactly to submit an application to begin benefits the mont you turn 70 and potential effects of marriage on existing benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Taxes
Within the last five years, the voices calling for the repeal of sales and use taxes on menstrual hygiene products (MHPs) have grown louder and more insistent. And they are being heard. Since 2016, of the 45 states and the District of Columbia that levy sales and use taxes, 15 (including the District) have exempted
United States v. Jane Boyd and Kimble v. United States, decided within two days of each other, delivered very different messages to taxpayers who have foreign financial account reporting obligations. Boyd, decided in the Ninth Circuit, holds that the IRS may impose only one non-willful penalty when a taxpayer files an untimely, but accurate, Report
Two weeks after the American Rescue Act, which authorized round 3 stimulus payments of $1,400, was signed into law, nearly 30 million Social Security beneficiaries are still waiting for their third round stimulus payments, says Rep. Richard Neal, chair of the Ways & Means Committee, who is blaming the Social Security Administration. In a letter
By Neil Hare While the Paycheck Protection Program (PPP) garners most of the attention for small business relief, the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 also created the Employee Retention Credit (ERC), which provided eligible employers a refund on their 2020 federal payroll expenses such as Social Security and Medicare taxes.