Money

Taxes

Today's column addresses questions about whether continuing to work ensures increased benefits, filing for reduced spousal benefits before a spouse passes away and the differences between restricted applications and filing for and suspending a retirement benefit.

State and local budget problems aren't caused by public pension plans, but by the pandemic. Why are Senate Republicans so opposed to these plans and to budget relief?

The potential cost of $2,000 stimulus checks for Americans far exceeds what Democrats gave up when they stopped pushing for $160 billion in state and local government aid in latest Covid relief bill.

In this installment of In the Pages, Robert Goulder sits down with Professor Kim Clausing to discus her recent Tax Notes article, “5 Lessons on Profit Shifting From U.S. Country-by-Country Data."

The IRS reminds taxpayers that the payments are automatic, and they should not contact their financial institutions or the IRS with payment timing questions.

Americans have many reasons to donate to charity this year. But due to the Tax Cuts and Jobs Act of 2017, changes to itemized deductions may mean that charitable donations yield lesser tax benefits than before.

Many were wagging their fingers when Summers said that $2,000 checks weren’t needed. They didn’t bother to listen to the other half of the statement.

This second round of checks are part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, passed by Congress last week and signed into law by President Trump on Sunday night.

IRS just released its FY 2020 annual report for the whistleblower program. While showing $472 million collected thanks to whistleblowers and awards of $86 million -- down markedly from previous years. A chance for the new administration to make its mark on its desire to crack-down on tax cheats?

Amazingly, California taxes could be heading even higher. One proposal would increase California’s 13.3% tax rate to 16.8% on some high income individuals. Another would impose a .4% wealth tax on all net worth above $30 million.