© 2019 Bloomberg Finance LP Federal minimum wage hikes could crush scores of small businesses across America, already pushed near the cliff by high rents and growing state and city labor regulations. Minimum wage hikes are reaching a fever pitch lately in America. Politicians at all levels, federal, state, and local are racing to get
Taxes
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 addresses some ramifications of filing early, the ability to restrict an application before full retirement age (FRA), reductions in benefits due to foreign pensions, voluntarily and involuntarily suspending benefits and
Just six (or so) months after the Internal Revenue Service (IRS) released the much talked about – and maligned – form 1040 for the 2018 tax year, there’s a new draft in town. Here’s a quick peek at the latest version, intended for the 2019 tax year: IRS draft 2019 p1 IRS IRS draft 2019
What’s the old saying? If you love something, throw it away and then reintroduce in another tax year? Or something like that? Just as the form 1040 appears to be making a return to a more pre-TCJA-like format, we have another repackaged (sort of) tax form: form 1040-SR, U.S. Tax Return for Seniors. You may
Capitol Building with dramatic sunrise sky, Washington DC Getty The SECURE Act (Setting Every Community Up For Retirement Enhancement, H.R. 1994) is still working through the Senate after passing the House in May. It proposes a number of changes to retirement savings including changes to various nuts and bolts of IRAs and 401(k)s. It is not yet law. Nonetheless, it seems pretty likely