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Federal Tax Updates Archive

Funding The Baby Adoption Process

TweetShareSharePin0 SharesFunding The Baby Adoption Process A baby adoption is not an inexpensive process. Many hopeful parents discard the idea of a baby adoption early because they do not realize that there are both private and government resources that are available to help prospective adoptive parents, which will aid in the costs associated with travel,

Firm Guides Parents Through College Savings Plans

TweetShareSharePin0 SharesFirm Guides Parents Through College Savings Plans According to a survey conducted by the New York-based College Board, college tuition costs are rising faster than the pace of inflation. Between 1993 and 2003, for example, the average cost of tuition and fees for four years rose 47 percent at public colleges and 42 percent

Don’t Add More Temporary Tax Policies in Budget Reconciliation

TweetShareSharePin0 Shares As policymakers consider using the budget reconciliation process to make tax changes and enact new spending programs, they may be inclined to add to an already growing list of temporary tax provisions. New temporary tax policy should be avoided in reconciliation. Temporary policy creates uncertainty for taxpayers and scheduling more expirations will add

Deficits and Disapprovals | Tax Policy Center

TweetShareSharePin0 Shares The budget deficit may reach nearly $3.12 trillion this year. The Biden Administration’s mid-session budget review projects the deficit for the fiscal year ending September 30 will hit $3.114 trillion, down about $550 billion from its May estimate and a bit lower than last year’s deficit of $3.129 trillion. This year’s deficit will

Tax Information for Small Businesses

TweetShareSharePin0 SharesTax Information for Small Businesses (ARA) – The IRS publishes a lot of tax information to help small business owners and there are many ways to get it. You can always visit an IRS office to pick up copies of IRS forms and publications, although the IRS continues to make it easier for you

Basic Mortgage Terms

TweetShareSharePin0 SharesBasic Mortgage Terms If it is your first time applying for a mortgage, there are a number of terms you should know. Educating yourself on the various mortgage terms you will run into will help you make better decisions when deciding which home you want to purchase. When you sign a mortgage contract, your
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