Accumulated wealth? Here's what to do next At some point in your life, you might accumulate enough wealth where you no longer feel comfortable going alone when it comes to managing your finances and investments. Perhaps you received an inheritance, saved $100,000 in your retirement account or earned a big bonus. Or maybe you just [...]
Know your Taxpayers Bill of Rights IRS Summertime Tax Tip 2017-21, August 18, 2017 Every taxpayer has a set of fundamental rights and the IRS has an obligation to protect them. The “Taxpayer Bill of Rights” groups the taxpayer rights found in the tax code into 10 categories. Know these rights when interacting with the [...]
Social Security beneficiaries may get biggest raise in 6 years Social Security beneficiaries are projected to receive a 2.2% cost-of-living increase next year, the most since 2011, the trustees who oversee the program said Thursday. That would be about $30 a month for the average retired worker. But It's a relative bonanza compared to the 0.3% [...]
Beam me up? Scientists teleport first object ever from Earth into space Chinese scientists successfully teleported an object from the Earth's surface to an orbiting satellite for the first time ever. A photon — a tiny sub-atomic particle — was "transported" from the Gobi Desert to China's Micius satellite some 310 miles above the surface. The Guardian reported it's a new [...]
How tax reform could hit charitable giving Plenty of factors can motivate charitable giving: Moral obligation, religious tithing, a desire to improve the world or leave a legacy. But another factor -- the tax benefits for giving -- could soon change if lawmakers push through tax reform. Few people donate simply because of the tax [...]
US tax reform hopes become mired in foreign cash piles Republican attempts to make progress on tax reform after the party's failure on healthcare are being undermined by a lack of consensus on handling US companies' offshore earnings, an issue set to spark fierce lobbying and discord. The White House and Republican lawmakers want to [...]
