Cut College Debt Through Simpler Tax Incentives, Senator Says
The Senate Finance Committee looked at ways to reduce student borrowing through the tax code. One possibility: boosting prepaid 529 plans.
Millennials Prefer Roth IRAs (and Boomers Should, too): T. Rowe Price
Recent T. Rowe Price research suggests Roth IRAs could be more advantageous than traditional IRAs for most investors, even many near retirement.
Qualifying 401(k) Dollars for Stretch IRA Treatment
Stretch IRAs can allow beneficiaries to stretch tax-deferral benefits for years after the original owner’s death, but beware of the potential tax hit.
IRS Tweaks Offshore Account Rules to Prod Tax Cheats to Pay Up
IRS expands its program to encourage the millions of Americans who have cheated on their taxes with offshore accounts to come forward.
Wealthy Clintons Use Trusts to Limit Pain of Estate Taxes
Bill and Hillary Clinton have long supported an estate tax to prevent the domination of inherited wealth. That doesn’t mean they want to pay it.
2 Tax-Efficient Savings Strategies for Right Now: Tax Season Lesson, Pt. 2
Here are some counterintuitive strategies to save money in the most tax-efficient manner today (which might change as the IRC changes).
Senate Finance Gears Up for Tax Reform Hearings
Upcoming committee hearings to look at education tax incentives, ID theft and taxpayer privacy.
90% of Taxpayers Say Investment Income Should Be Taxed Like Wages
In addition, most Americans say corporations should pay higher taxes than individuals, a WalletHub survey found.
House Panel Advances Tax Extenders Package
Bonus depreciation, also known as bonus expensing, allows all businesses to immediately deduct 50% of investment in equipment and software.
Making Bonus Depreciation Permanent to Be Debated by House Panel
Making bonus depreciation permanent “is the best option to spur investment, lift wages, grow the economy, create jobs and increase federal revenue,” says Tax Foundation.