Month: June 2019

By Dean Hedeker, Next Avenue Contributor For people nearing retirement or in retirement,  every dollar counts  and planning ahead is paramount. That’s especially true for taxes. Now that 2018 tax returns are behind us, this is an opportune time to look for 2019 tax savings strategies for retirement. Here are two ways to do it: Use
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US trade deal with China is nearly done, Mnuchin reassures. Treasury Secretary Steven Mnuchin said yesterday that the two countries are “about 90 percent of the way” to an agreement. He said the two countries were close to a deal last month too, before talks fell apart. President Trump and China’s President Xi Jinping are
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In the aftermath of tax season, practitioners finally have time to look ahead to the broader concerns that their profession needs to address in the future. Beanna Whitlock, of Spring Branch, Texas-based Whitlock Tax Services LLC, and a former director of IRS National Public Liaison, summed up the issues she sees with her own Top
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Norma Butterfield, mother of Slack Technologies CEO Stewart Butterfield, rings a ceremonial bell along with New York Stock Exchange (NYSE) President Stacey Cunningham during the Slack direct listing in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Casey Stengel once said, “Never make predictions, especially about the future.” If you’re looking to prove
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Getty Chances are that you filed your federal income tax return electronically this year: the Internal Revenue Service (IRS) estimates that nearly nine in ten individual taxpayers e-filed their tax returns in 2019. That was just one of the findings reported by the Electronic Tax Administration Advisory Committee (ETAAC) in its 2019 Annual Report to
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As part of a general government appropriations bill, the House approved a 3.1 percent pay hike for federal employees, including workers at the Internal Revenue Service. The bill would give a 2.6 percent raise across the board to federal employees, plus 0.5 percent toward “locality pay,” for an average increase of 3.1 percent. The raise
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Peter Mazza, his wife, Megan, and their three children. Mazza, who was diagnosed with stage 4 colon cancer in April, has been unable to access the cancer deferment. Source: Peter Mazza Last September, President Donald Trump signed into law a bill allowing people with cancer to press pause on their federal student loan payments. More than
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Democratic presidential candidates New York City Mayor Bill De Blasio (L-R), Rep. Tim Ryan (D-OH), former housing secretary Julian Castro, Sen. Cory Booker (D-NJ), Sen. Elizabeth Warren (D-MA), former Texas congressman Beto O’Rourke and Sen. Amy Klobuchar (D-MN) take part in the first night of the Democratic presidential debate on June 26, 2019 in Miami,
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Getty Getty Retirees will collectively lose an estimated $3.4 trillion in potential retirement income, or an average of $111,000 per household, because they claimed Social Security at a financially sub-optimal time, according to new research out today by fintech United Income. That works out to a potential 9% increase in total expected future income, or
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