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Federal Tax Updates Archive

Mississippi Income Tax Repeal: Additional Work Is Necessary

TweetShareSharePin0 Shares Mississippi, like most states, realized a significant budget surplus in 2021 and projects continued revenue growth over the coming years. As lawmakers in Jackson determine how to best invest these funds, they must also reconcile the state’s position in an increasingly competitive tax environment. Over the last two years, Mississippians watched as the

Fiscal Policy Inflation Tax Policy Options

TweetShareSharePin0 Shares Consumer prices rose by 7 percent in 2021, the highest annual rate of inflation since 1982. Where did this inflation come from and what might its impacts be? Tax and fiscal policy offer important clues. Initially thought to be “transitory” and largely the result of pandemic-related supply-chain issues, many economists at the Federal

Marriage or Divorce — Check Your Social Security Number

TweetShareSharePin0 SharesMarriage or Divorce — Check Your Social Security Number Newlyweds and the recently divorced should make sure that names on their tax returns match those registered with the Social Security Administration (SSA). A mismatch between a name on the tax return and a Social Security number (SSN) could unexpectedly increase a tax bill or

Back To The BBB Drawing Board

TweetShareSharePin0 Shares Breaking up and starting over? The White House and Senate Democrats want to revive talks on President Biden’s Build Back Better (BBB) agenda for climate and social spending. In a press conference last week, Biden acknowledged that the massive bill would likely need to be broken up. West Virginia Sen. Manchin wants a

Basic Home Loan Terms Explained

TweetShareSharePin0 SharesBasic Home Loan Terms Explained The wonderful world of home buying can sometimes overwhelm the first time homebuyer. They are inundated with information riddled with terms of art. ARMS, points, interest rates, good faith estimates, pay-downs, lock-in dates, so on and so forth. Though some or all of these terms may seem somewhat foreign

The Retirement-Savings Vs. College-Savings Dilemma

TweetShareSharePin0 SharesThe Retirement-Savings Vs. College-Savings Dilemma Before a child is born, every parent considers (even if briefly) the cost of raising a child and to put them through college. And the question about saving money that you’ll consider at some point is: how do I evaluate whether I should be saving for my own retirement

The Retirement-Savings Vs. College-Savings Dilemma

TweetShareSharePin0 SharesThe Retirement-Savings Vs. College-Savings Dilemma Before a child is born, every parent considers (even if briefly) the cost of raising a child and to put them through college. And the question about saving money that you’ll consider at some point is: how do I evaluate whether I should be saving for my own retirement

Simple Water Fuel – Increase the Efficiency of your Car

TweetShareSharePin0 SharesSimple Water Fuel – Increase the Efficiency of your Car “SimpleWaterFuel” will show you how you can use a 90 year old technology to run your car on a water supplement fuel. This method will not only increase the car’s fuel efficiency but it will also help you cut your fuel costs significantly. The

What Are Living Trust Scams

TweetShareSharePin0 SharesWhat Are Living Trust Scams A. Living Trusts As you know, a living trust is a legal arrangement where a person, called the “grantor,” places his assets into a trust during his lifetime. The trust is administered by a “trustee” for the benefit of the trust’s beneficiaries. The grantor may be a trustee and

California explores Universal Healthcare and new taxes

TweetShareSharePin0 Shares Universal healthcare means everyone – regardless of where you come from or what your status is – has access to the health services you need, when they need them, all without dealing with the financial stress normally required to pay for them. It is not, however, a straightforward issue by any means. Having

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