Tag Archive for: tax cuts and jobs act

2022 Tax Brackets: How Record-Breaking Inflation Will Affect Your Taxes

With the U.S. experiencing its highest inflation in 30 years, the IRS just announced that it’s adjusting the standard deduction, income tax rates and dozens of other tax provisions for 2022. CLICK ON THE HEADLINE FOR MORE

Biden’s Proposed 39.6% Top Tax Rate Would Apply At These Income Levels

To help finance his legislative agenda, President Biden wants to raise the top income tax rate for wealthy households to 39.6%, from the current 37%. That rate would affect single individuals with taxable income of more than $452,700 and married couples filing jointly with income over $509,300. CLICK ON THE HEADLINE FOR MORE

10 Ways To Reduce Investment Taxes

With sound investment strategies that focus on tax optimization, here are a few ways to help yourself at Uncle Sam's expense. CLICK ON THE HEADLINE FOR MORE

12 Tax Deductions That Have Disappeared

The Tax Cuts and Jobs Act of 2017 was touted as the largest tax overhaul in 30 years and a mixed bag for some households. Here are 12 tax deductions that disappeared and won't be available this spring: CLICK ON THE HEADLINE FOR MORE

Borrowing From Your 401(k) Is Easy. But Should You Really Break Open That Piggy Bank?

While taking a loan from your 401(k) isn’t ideal, it’s essential to understand the complete picture before deciding whether to break open your retirement savings piggy bank. CLICK ON THE HEADLINE FOR MORE

IRS To Release New W-4: What To Expect

The IRS is expected to release a new W-4 form for use in 2020. According to an IRS source, the agency held a payroll call on May 2 where it reiterated plans to have that draft available for comment by May 31. CLICK ON THE HEADLINE FOR MORE