Don’t Need Your Stimulus Checks? Get A Tax Break Giving Them Away
If you’re feeling the urge to contribute to charity amid the coronavirus pandemic, you’re not alone. A charitable offering is rising– despite the fact that...
Taxes
Tax-Loss Harvesting Is a Tool for all Seasons
Tax-loss harvesting is a strategy typically used by financiers to use realized losses on some of their investments to offset financial investment gains or ordinary...
Will Bitcoin Ruin Your Tax Return?
Not so long back, the popular cryptocurrency Bitcoin went through either an innocuous mini-evolution or a massive shift in its extreme identity that will revitalize...
IRS Guidelines Put Employers on The Hook for Trump’s Payroll Tax Break
KEY POINTS On Aug. 8, President Trump signed an executive order calling for a deferral of the employees’ portion of the payroll tax from Sept....
TurboTax: How Major Life Events Affect Your Taxes
Getting wed? Accepting a promo? Buying a home? Even throughout amazing or trying times in your life, it’s great to keep in mind that major...
White House Drops Payroll Tax Cut After GOP Allies Object
WASHINGTON (AP)– The White House reluctantly dropped its bid to cut Social Security payroll taxes Thursday as Republicans prepared to unveil a $1 trillion COVID-19...
Thanks, But No: Small Businesses Shun Payroll Tax Deferral
NEW YORK (AP)– As staff members of little businesses get their very first September paychecks, they’re most likely getting their typical amount– company owners are...
Senate Democrats Are Pushing to Undo The Payroll Tax Deferral
KEY POINTS Sens. Chuck Schumer, D-N.Y., and Ron Wyden, D-Ore., wrote to the Government Accountability Office, asking for an expedited Congressional Review Act ruling on...
Self-Employed People May Miss Out on Payroll Tax Break
KEY POINTS President Donald Trump signed an executive order calling for a temporary deferral of the employee side of the payroll tax. It would apply...
Why You Might Not See Cash From a Payroll Tax Cut, Even With Trump’s Executive Order
KEY POINTS President Donald Trump apparently doesn’t have to wait for Congress to act on a payroll tax holiday. He is pushing one out through...