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Social Security Funds Are Running Dry. Don’t Panic.
The Wall Street Journal· 1 hour agoThose bonds generate interest, supplementing the income Social Security now nets from a 12.4% payroll tax, usually split between employers and employees...
The ‘grandparent loophole’ is putting much-needed money back in the pockets of college students —...
Moneywise via AOL· 17 minutes agoStarting with the 2024-25 FAFSA, an applicant's total income will be calculated directly from the...
Under Biden Tax Plan, Capital Gains Tax Will Exceed 50% In 11 States
Forbes· 1 day agoPresident Joe Biden floated a bevy of tax increase proposals as part of the president’s FY 2025...
Warren Buffett predicts higher taxes due to rising deficit
Fox Business via AOL· 15 hours agoWarren Buffett said at Berkshire Hathaway's annual meeting he thinks the federal government will...
Portrait Of A Taxpayer, Circa 1916
Forbes· 1 day agoIn its early days, the federal income tax was something of a mystery. Policymakers expected the levy to raise money and reallocate the tax</ ...
With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Forbes· 4 hours agoForeign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals...
Federal court halts illegal tax scheme by Columbia accountant
KOMU Columbia· 17 hours agoA Columbia accountant was disciplined last week in connection to an illegal tax scheme focused on...
Roth IRA conversion: Here’s everything you need to know before converting
Bankrate via Yahoo Finance· 17 hours agoYou’re expecting to pay higher tax rates in retirement There’s also a rule of thumb for when a...
U.S. Dept. of Education launches FAFSA support strategy with deadline for federal aid inching closer
Chicago Tribune· 13 minutes agoThe U.S. Department of Education announced additional steps on Monday to support the many students and their families who are in the process of completing the overhauled Free Application for ...
Here's how to avoid getting 'hammered' on inherited individual retirement account taxes, experts say
CNBC· 15 hours agoInherited individual retirement accounts can be a financial boost for heirs, but the windfall can...