federal taxes Archive

TweetShareSharePin0 SharesInvesting for Retirement Retirement may be a long way off for you – or it might be right around the corner. No matter how near or far it is, you’ve absolutely got to start saving for it now. However, saving for retirement isn’t what it used to be with the increase in cost of

TweetShareSharePin0 SharesAfter Tax Contributions The phrase “after tax contributions” as it pertains to retirement accounts can often be a bit confusing. This article will discuss some of the common aspects of after tax contributions. You might find it easier to understand the phrase if you think of after tax contributions as being voluntary contributions. These

TweetShareSharePin0 Shares Over the next ten years, the structure of the Child Tax Credit (CTC) is scheduled to change, complicating efforts to extend enhanced Child Tax Credit benefits or reform the Child Tax Credit for the long-term. Rather than take an all-or-nothing approach or kick the can down the road by relying on temporary expansions, lawmakers

TweetShareSharePin0 SharesWant to Loosen Uncle Sam’s Grip on Your Wallet? Talking About Money With Jim Larranaga (ARA) – The average person pays more than $6,000 in federal income tax, according to the Congressional Budget Office. If you cringe at sending a big chunk of change like that to Uncle Sam, you may be looking for

TweetShareSharePin0 Shares Key Findings The Biden administration’s budget proposals have several provisions focused on raising taxes on the U.S. fossil fuel industry. These proposals largely depart from neutral tax policy and intentionally target the industry. Internal Revenue Service data does not indicate any substantial tax preference for the fossil fuel industry, rather indicating the industry

TweetShareSharePin0 Shares To ensure the functioning of its internal market, the European Union (EU) sets a minimum excise duty on cigarettes. It consists of a specific component and an ad valorem component, resulting in a minimum overall excise duty of €1.80 (US $2.05) per 20-cigarette pack and 60 percent of an EU country’s weighted average retail

TweetShareSharePin0 SharesIRS Warning Taxpayers About New Email Scams If you have an email account, you know about all the scam emails you get. Scammers are getting braver and using the IRS name in their new tactics. IRS Warning Taxpayers About New Email Scams The IRS has begun warning taxpayers that it is seeing a surge