Tax

Displaying 2720 results
Wealthy win, low-wage earners lose in tax filing extension
RETIREMENT REGULATION AND LEGISLATION APR 09, 2020
Wealthy win, low-wage earners lose in tax filing extension

The postponement of the tax deadline is likely to give some wealthy taxpayers an interest-free loan on their tax bills

By Bloomberg
Cares Act student-loan relief has few takers
RETIREMENT REGULATION AND LEGISLATION APR 07, 2020
Cares Act student-loan relief has few takers

Workers can receive as much as $5,250 for debt repayment, tax free, from employers

By Emile Hallez
Pandemic prompts some to rethink Social Security claiming strategy
RETIREMENT RETIREMENT PLANNING APR 07, 2020
Pandemic prompts some to rethink Social Security claiming strategy

Concerns about shrinking portfolios, lost jobs may accelerate claims

By Mary Beth Franklin
Advice groups push for tax break for fees in next stimulus package
RETIREMENT REGULATION AND LEGISLATION APR 06, 2020
Advice groups push for tax break for fees in next stimulus package

Senate Finance Committee spokesperson says that it's ‘too early to know what the legislation might encompass’

By Mark Schoeff Jr.
Scammers claim Social Security benefits will be halted
RETIREMENT RETIREMENT PLANNING MAR 31, 2020
Scammers claim Social Security benefits will be halted

Meanwhile, the Social Security Administration is scaling back its hotline hours amid a flood of phone calls

By Mary Beth Franklin
Advisers warn against dipping into 401(k)s
RETIREMENT RETIREMENT PLANNING MAR 27, 2020
Advisers warn against dipping into 401(k)s

The $2.2 trillion stimulus package makes retirement assets easier to access, but participants should proceed with caution

By Emile Hallez
Coronavirus stimulus package passes House, gets mixed adviser reviews
RETIREMENT RETIREMENT PLANNING MAR 27, 2020
Coronavirus stimulus package passes House, gets mixed adviser reviews

The $2.2 trillion bill will boost unemployment benefits and small-business loans, but some advisers said that might not be enough

By Mark Schoeff Jr.
Recession could hit Social Security financial outlook
RETIREMENT OPINION MAR 25, 2020
Recession could hit Social Security financial outlook

The likelihood that people will file for benefits sooner amid a downturn and the possible decline in payroll tax revenue could put pressure on the Social Security trust fund

By Mary Beth Franklin
Lessons from Black Monday — and crises since
RETIREMENT OPINION MAR 23, 2020
Lessons from Black Monday — and crises since

Once things settled down after the 1987 crash, there was a lot of money set in motion

By Jack Sharry
IRS delays tax-filing date to July 15
RETIREMENT REGULATION AND LEGISLATION MAR 20, 2020
IRS delays tax-filing date to July 15

After the extension, the deadline for filing now matches the deadline for tax payments announced previously

By Bloomberg
Treasury delays April 15 tax deadline for millions
RETIREMENT REGULATION AND LEGISLATION MAR 17, 2020
Treasury delays April 15 tax deadline for millions

The extension gives individuals and many businesses 90 extra days to send checks to the government

By Bloomberg
Social Security closes local offices nationwide
RETIREMENT RETIREMENT PLANNING MAR 17, 2020
Social Security closes local offices nationwide

Critical services still available over the phone and online

By Mary Beth Franklin
Singles, survivors most affected by Medicare surcharges
RETIREMENT RETIREMENT PLANNING MAR 13, 2020
Singles, survivors most affected by Medicare surcharges

Roth conversions can help reduce clients' health care costs and taxes, given the impact that required minimum distributions can have on Medicare premiums

By Mary Beth Franklin
Trump's proposed payroll tax holiday could hurt the economy more than it helps
RETIREMENT RETIREMENT PLANNING MAR 12, 2020
Trump's proposed payroll tax holiday could hurt the economy more than it helps

In a speech Wednesday, the president said he would pressure Congress to suspend Social Security and Medicare taxes for the rest of the year

By Emile Hallez
Trump’s payroll tax cut gets lukewarm reception on Capitol Hill
RETIREMENT REGULATION AND LEGISLATION MAR 12, 2020
Trump’s payroll tax cut gets lukewarm reception on Capitol Hill

Democrats focus on paid sick leave; experts say fluid situation may change

By Mark Schoeff Jr.
Treasury may extend April 15 tax deadline over coronavirus
RETIREMENT TAX MAR 11, 2020
Treasury may extend April 15 tax deadline over coronavirus

That deadline is cited in the tax code, but the agency regularly makes exceptions, especially for victims of natural disasters

By Bloomberg
Fears over market drop could cause some to postpone retirement
RETIREMENT RETIREMENT PLANNING MAR 10, 2020
Fears over market drop could cause some to postpone retirement

Survey of those nearing retirement shows many would opt to work longer

By Mary Beth Franklin
Sanders proposes curbing tax break for executive retirement perk
RETIREMENT PRACTICE MANAGEMENT FEB 27, 2020
Sanders proposes curbing tax break for executive retirement perk

Presidential candidate to introduce measure that stops execs from delaying paying taxes on stock options and deferred compensation

By Bloomberg
Social Security and survivor benefits
RETIREMENT RETIREMENT PLANNING FEB 27, 2020
Social Security and survivor benefits

Widows and widowers have multiple claiming options

By Mary Beth Franklin
Annuities group wants 401(k)s for all — including cannabis workers
RETIREMENT RETIREMENT PLANNING FEB 26, 2020
Annuities group wants 401(k)s for all — including cannabis workers

The Insured Retirement Institute wants mandatory retirement plan coverage for most businesses, but similar legislation has been floated in the past

By Emile Hallez