As Biden Secures the Presidency, What Could That Mean For Your Future Estate Taxes?
Joseph R. Biden, Jr.'s win in the 2020 presidential election could have a profound impact on your estate and gift tax obligations moving forward.
The Social Security Administration Has Announced Cost of Living Adjustments & Tax Changes For 2021. Here's What You Need to Know
The Social Security Administration announced a 2021 Cost of Living Increase of 1.3% on Oct. 13, 2020. Whether you’re currently working or enjoying retirement, here’s how you may be affected.
California Legislators Propose 0.4% Wealth Tax, Plus 16.8% Income Tax Rate
Most people these days are still reeling from the pandemic. The IRS and state governments are feeling the revenue pain too. One California bill with several cosponsors would increase the state’s already stratospheric top 13.3% income tax rate to 16.8%.
2020 Tax Code Changes: What You Need to Know
IRS inflation adjustments are meant to ease federal taxes for taxpayers. It pays to know the most recent changes, which you can use to prepare for the 2020 tax year.