How to make pension contributions to lower your tax bill It’s no secret that people’s finances are creaking under the weight of a giant tax burden. We are on course for tax revenues to hit the highest level, relative to the size of the economy, since the ... 05/3/2024 - 1:30 am | View Link
Money Talk: IRS extends excise tax relief for missed RMDs Since the penalty for missing an RMD is 50% of the amount that was not taken ... year 2023 and was just extended again for 2024 per IRS Notice 2024-35. For future tax years, beneficiaries who ... 05/2/2024 - 4:09 am | View Link
Almost 1 million Americans are owed $1 billion in IRS tax refunds In order to do so, tax filers should request copies of 2020 documents as soon as possible. 'Taxpayers who are missing Forms W-2, 1098, 1099 or 5498 for the years, 2020, 2021 or 2022 can request copies ... 05/1/2024 - 12:43 am | View Link
Which Of These 12 Tax Dodges Will Be Taken Away? The Biden hit list calls for treating such a gift as a sale, taxable on your return. As with the step-up, there would be a $5 million cumulative lifetime exemption. If a future Congress is hungry for ... 04/30/2024 - 11:30 pm | View Link
Americans Are Running Out of Time to Claim $1 Billion in Tax Refunds Taxpayers have more than $1 billion in unclaimed refunds for tax year 2020, but the IRS will hold payments only until May 17. 04/30/2024 - 8:12 am | View Link