We all want out retirement savings to last as long as possible and reducing your tax bill in retirement can be a great way to stretch every dollar.
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(The Center Square) – The Biden administration’s Build Back Better Act, according to the latest version in the U.S. House, would tax Americans earning $400,000 and above higher than all of its foreign competitors, hitting residents in blue states the hardest, nonpartisan analysts say.
Pro-growth tax reform is on the move in several states. This year, 14 states have enacted tax reforms, which would have been unheard of just a year ago. The good news about tax reform doesn’t end with 2021, though. It appears that many states, including Iowa, are poised to keep reducing the tax burden on their citizens.
ConocoPhillips Alaska reported a net income of $405 million in the third quarter of 2021 and paid close to that amount in taxes and royalties …
(The Center Square) – A tax unveiled this week on unrealized capital gains of the wealthiest Americans was considered a potential solution to Democrats' difficulty securing a deal on reconciliation.
(The Center Square) – As Democrats struggle to finalize details of their reconciliation spending bill, a newly released tax proposal is getting attention and has the endorsement of a key swing Democrat.
(The Center Square) – House Republicans held a public meeting Tuesday to invite banking leaders to share their feedback on President Joe Biden’s proposed IRS monitoring program.
(The Center Square) – The White House is reportedly considering a new tax on the investments and assets of wealthier Americans to help fund several trillion dollars in proposed social spending.
Farmers and ranchers who were forced to sell livestock because of drought in Idaho may have an extra year to replace the livestock and defer tax on any gains from the sales.
(The Center Square) – The Biden administration is making changes to its plan to require banks to report to the IRS on all accounts with at least $600, but banks say those changes are not enough.