Taxes

Vote Elections Pixabay Spain is about to hold its most contested general elections in history. The Spanish President Pedro Sánchez called general elections last February after the Government’s defeat to approve the General State Budgets in the Congress.  This Sunday 28, Spanish citizens will vote in a political scenario more fragmented than ever, although in
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You’ve printed out your returns. You are awaiting your refund…or the IRS cashed your balance due check. Now you finally can put that shoebox full of W2s, 1099s, and receipts in storage. Unless you filed for an extension (sorry) the 2019 tax season finally is over. And it was eventful. It was the first under
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U.S. Senator Elizabeth Warren (D-MA) (Photo Credit: AP Photo / Charlie Neibergall) U.S. Senator Elizabeth Warren wants to cancel your student loan debt. Here are five questions. Student Loan Forgiveness: Elizabeth Warren Proposal This week, Warren (D-MA) and a 2020 presidential candidate, proposed a bold plan to cancel student loan debt for tens of millions of
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Sen. Elizabeth Warren has proposed a long list of detailed, ambitious, and very expensive campaign ideas. And she has described how she’d pay for them: She’d raise taxes by trillions of dollars on wealthy individuals and corporations. Give the Massachusetts senator and Democratic presidential hopeful credit for acknowledging that her initiatives must be paid for,
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Pension And Retire Text On Yellow Eggs Over Hundred Dollar Note Getty For many Americans, their financial planning goals can be broken down into two periods: saving for retirement and spending in retirement (if you’re up on your financial industry jargon, you might know these phases as accumulation and decumulation, respectively). While this is definitely
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Governor Ned Lamont (D) is sounding a skeptical note, but in Connecticut’s legislature, a capital gains surtax proposal may be gaining steam. Under the proposal, capital gains—both short- and long-term—for filers subject to the state’s current top rate (6.99 percent) would be subject to an additional 2 percent on the income tax, yielding a capital
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Senate Democrats have rallied around the Working Families Tax Relief Act (WFTRA) that would significantly expand the Earned Income Tax Credit (EITC) and more modestly boost the Child Tax Credit (CTC). While the measure is not the most ambitious tax idea Democrats have put forward this year, it relies on several existing plans that may
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As part of the Tax Cuts and Jobs Act, Congress enacted two companion provisions designed to encourage investment and economic growth in certain low-income communities. First, Sec. 1400Z-1 paved the way for nearly 9,000 such low-income communities to be designated as “qualified opportunity zones” (QOZs). In turn, Sec. 1400Z-2 offers three federal income tax incentives
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