Month: July 2021

Taxpayers who want to opt out of the 2021 advance child tax credit payments — and later this year, those who want to update their information with the IRS so that the payments are accurate and delivered to the correct address — are directed to an identity verification process that uses facial recognition technology. Nonfilers who must
0 Comments
In this article PFE 22UA-DE Former Obama administration official Dr. Kavita Patel told CNBC on Monday she expects a Covid vaccine booster will, eventually, be authorized by U.S. regulators due to new, more transmissible coronavirus variants. “With the threat of the delta variant and potentially other looming variants in the future, it seems like it’s
0 Comments
The Goldman Sachs booth on the floor of the New York Stock Exchange Getty Images U.S. stock futures were mostly flat on Monday night after the Dow Jones Industrial Average rose to almost 35,000 ahead of the second-quarter earnings season for banks, which kick off Tuesday. The Dow Jones Industrial Average futures rose by 13
0 Comments
Rolf Bruderer | Tetra images | Getty Images The greatest wealth transfer in history is underway, and taxes may take a bite from inheritances without proper estate planning, financial advisors say. It’s estimated that nearly 45 million U.S. households will transfer more than $68 trillion over the next 25 years, according to Cerulli Associates. Baby
0 Comments
Leaving the Golden State? California’s 13.3% rate is the same on ordinary income and capital gain, and under a pending tax bill the top 13.3% rate could climb to 16.8%. Plus, California has even proposed a wealth tax. Even without proposed hikes, paying 13.3% in non-deductible state taxes (after the IRS $10,000 cap) is painful. You can leave for
0 Comments
Samuel Clemens, the writer known as Mark Twain, is celebrated at a museum in Hartford, Connecticut, at the grand house he and his wife, Olivia,  built in 1874. Although he earned quite a bit of money, Clemens made a number of unwise investments; the family experienced financial insecurity and, for a time, lived in Europe to
0 Comments