Taxes

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column responds to questions about restricted applications, the availability of spousal benefits after remarriage, divorced spousal benefit eligibility, retirement benefits when widow’s benefits are also available and spousal benefits after filing
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Getty Imagine this: Your ex-spouse insists on claiming your child as a dependent without your consent. What do you do? A Princeville, Illinois, mom responded to this tax “emergency” by calling the police.  According to the Journal Star, on February 6, the woman called the Peoria County Sheriff’s Office to report “possible tax fraud.” The
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses the ability to file a restricted application, the availability of spousal benefits, school and disability benefits, whether there are potential problems with filing for spousal benefits and filing for
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Local Texas governments spent about $41 million to influence legislation in Austin, typically advocating for higher taxes and larger government.Eric Allie for the Texas Public Policy Foundation Texas is one of seven states that doesn’t levy a personal income tax. And while Texas’ overall state and local tax burden is considered relatively light, putting Texas
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Amazon truck driving awayGetty We got left on Valentine’s Day. New York City was abandoned by Amazon when the company broke its promises to build its second headquarters in Long Island City, across the East River from Manhattan.  City leaders, advocates, and pundits are still trying to understand what happened. One of the possible explanations
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether to file and suspend a retirement benefit, whether a restricted spousal application requires filing for and suspending a retirement benefit, enabling restricted applications, public pensions and how spousal
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Free gifts are hard to resist, even if you’re a star, unless they come with a tax bill. How can gifts be taxed as income? The answer is when they are not really gifts. Every year at the Oscars, there are many “free” gifts. Companies pay promoters to get their gear in gift bags. The
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What. A. Year. When tax geeks arose from their slumber on January 1, 2018, we were greeted by a strange and unfamiliar world. Gone were personal exemptions, Section 199, and 50% bonus depreciation. In their place were a doubled standard deduction, Section 199A, and 100% bonus depreciation. These changes, in addition to countless others, were
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Understanding how to choose the right tax filing status for your federal income tax returns.Getty Which tax filing status should you use? Are you head of household? Single? Married Filing Separately? Or Married Filing Jointly? What do all of these filing statuses mean? Which is the best filing status for you? Your answer will likely
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London, UK – July 30, 2018: The buttons of Snapchat, Facebook, WhatsApp, Twitter and other apps on the screen of an iPhone.Getty The recent departure of two Snap executives is just the tip of the corporate culture iceberg. Snap has been plagued by corporate governance issues such as inappropriate relationships, short-lived C-level executives, imperious leadership,
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