Federal Tax Updates Archive

The Short Run Growth and Inflation Effects of Build Back Better Are Likely to Be Modest

TweetShareSharePin0 Shares A key issue in the congressional debate over President Biden’s Build Back Better (BBB) plan is how it would affect the economy over the next couple of years. Identifying precise effects is unusually difficult due to the economic circumstances stemming from the pandemic. But the bill’s overall short-run effects on both growth and

Build Back Better Book Minimum Tax

TweetShareSharePin0 Shares The Build Back Better Act (BBBA) would raise taxes to pay for social spending programs. But the design of some of the tax increases may end up hurting private pensions, among other problems. By relying on measures of income reported on company financial statements, i.e., book income, the proposed corporate alternative minimum tax

A Vote on BBB This Week? Maybe?

TweetShareSharePin0 Shares BBB finally hits the House floor.  Majority Leader Steny Hoyer said “most of” the floor debate on the House version of President Biden’s Build Back Better Act (BBB) will occur today. “And then,” he told reporters, “I expect a vote on… final passage at the earliest Thursday, and at hopefully the latest on

Tax Demand? A Tax Attorney Could Reduce It

TweetShareSharePin0 SharesTax Demand? A Tax Attorney Could Reduce It Do you dread seeing those brown envelopes with the IRS or Inland Renenue address on them? Do you put them on one side until you have summoned the courage to read their latest demand for money? Does the thought of filing your tax return stress you

The Weekly (Tax)Buzz – November 17, 2021

TweetShareSharePin0 Shares If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from our favorite bloggers, US tax proposals, tax

Affordable Individual Health Insurance

TweetShareSharePin0 SharesAffordable Individual Health Insurance There are many options for an individual to obtain affordable health insurance coverage. Keep in mind that there are savings in numbers; the more people in a plan, the better the savings for each member. In some states, like Florida you may purchase group policies for a group of one.

2022 Norway Budget Tax Proposals

TweetShareSharePin0 Shares Norway’s new center-left government that took power on October 14 has set out its 2022 budget proposals, amending the 2022 budget proposal announced last month by the outgoing conservative government. The new budget comes with several tax cuts and a handful of tax hikes. While the new proposal cuts indirect taxes by $270

Waiting For CBO’s Score… | Tax Policy Center

TweetShareSharePin0 Shares CBO promises a full score of Build Back Better by Friday. The Congressional Budget Office  said yesterday it plans to release a full cost estimate of the House Democrats’ Build Back Better Act by the end of the week by the end of this week. House moderates say they’ll vote for the big

Donate A Car To Your Charity

TweetShareSharePin0 SharesDonate A Car To Your Charity Making charitable contributions is a wonderful way to help out your fellow man, but it is also a good way to get some tax breaks. One really good method is to donate a car to charity. However, there are some things you will need to do in order

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