The tax bill passed to keep us from falling off the “fiscal cliff” also contained some questionable tax breaks for certain unorthodox businesses.
Congress gave people planning for retirement at least four gifts in the “fiscal cliff” fix.
A key tax break for underwater homeowners considering short sale was extended as part of Congress’s fiscal cliff deal. The Mortgage Forgiveness Debt Relief Act, which was signed into law in 2007, exempts homeowners from having to pay federal taxes on the balance of their mortgages after a foreclosure or short sale. Borrowers who receive
Congress has loosened the rules regarding Roth 401(k) conversions. Does it make sense for you to convert?
The top 2 percent of earners will see their investment income dented by higher taxes this year.
Congress let us fall off the “fiscal cliff,” but pulled us back on Jan. 1 with passage of a fiscal cliff tax bill that will cost wealthy taxpayers more.
Higher tax rates will provide a good incentive for retirement savings, according to Michael Barry, president of the Plan Advisory Services Group.
Welcome to Capitol Hill High School. That’s what Washington, D.C., looks like as the “fiscal cliff” fight drags on with politics, not policy, driving the debate.
Republican House leaders canceled a vote on their so-called Plan B to keep us from falling off the “fiscal cliff” Jan. 1, 2013. Now what?
Are you nervous about the Mayan calendar or the impending “fiscal cliff,” you might consider putting some gold in your IRA.