Credit: Getty Royalty Free Getty Are you a small business owner, a contractor or a freelancer—and in a high tax bracket? Well, why stay there? You can use retirement planning to lower your tax liability. The idea is to plug in a lot of money to retirement funds, allowing you to build your post-work future
Taxes
Trump’s trade wars are hurting the economy. Getty “Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” Sun Tzu ‘The Art of War (Sunzi Bingfa)’ Sun Tzu Harvard Business Review Last year I wrote several pieces about the potentially negative effect of Trump’s trade wars on companies,
Samuel and Louise Edelman are challenging the voracious state of New York in the US Supreme Court. The top rate of 8.82% is among the highest in the nation (and then there can be a city tax on top of it), but it is the reach that the Edelmans are complaining about not the rate.
Getty If you’re on the receiving end of correspondence from the Internal Revenue Service (IRS), you’re not alone: it’s correspondence season. And the latest batch of letters to appear in mailboxes may focus on health care. Correspondence season is the term that tax professionals use to describe the period after tax season officially ends. As
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column examines whether it’s necessary to file and suspend to earn delayed retirement credits (DRCs), spousal benefit availability, effects of remarriage on benefits already being received, reductions for filing early and