The Social Security Fairness Act of 2023: More Retirement Income for Teachers, Police, Firefighters & Gov. Workers

January 1, 2025 | 0 views

The Social Security Fairness Act of 2023, formally known as H.R. 82, aimed at ending two provisions in the Social Security system that affect public sector employees who have earned pensions from jobs not covered by Social Security. These provisions...

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Energy Tax Credit Changes For 2025

December 1, 2024 | 0 views

The coming shakeup of the executive branch, along with Republican control of both houses of Congress, means tax changes are highly likely in 2025 and beyond. Positioning for new and amended tax provisions is already off to the races.Regardless of...

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Updated IRS 2024 Penalties for Late Filing and Missed Tax Forms

December 1, 2023 | 0 views

Every year, the IRS announces annual inflation adjustments related to tax rate schedules, deductions, cost-of-living adjustments, etc. What many taxpayers do not realize is that they also adjust the cost of fines and penalties as well. This means that the...

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IRS Ruling: Crypto Currency Staking Rewards Are Taxable When Received

September 1, 2023 | 0 views

The IRS recently issued an important ruling on the taxability of cryptocurrency staking rewards, determining that staking rewards are essentially “income” and, therefore, taxable upon receipt and not deferrable until sale or swapping. Below, we will look at the ruling...

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How Senate’s Rules Shape Tax Laws

June 1, 2021 | 0 views

Senate rules and procedures have a major impact on how tax laws are drafted and amended, especially when it comes to those related to the budget reconciliation process.Budget reconciliation is a separate Senate procedure established by the Congressional Budget Act...

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