Jun 17, 2022
In this episode:
- The mileagereimburesement rate is set to rise to 62.5 cents per mile on July 1 – a 4 cent per mile increase.
- We discuss the rules for an inherited IRA 10-year payout.
- Non-cash donations valued at $250 or higher follow special rules for tax returns.
- The Social Security Wage Gap.
Our guest is Jess...
May 20, 2022
In this episode we discussed:
- Secure Act 2.0 has been passed by the House and will go to the Senate later this year.
- The IRS is taking a much closer look at real estate loss deductions.
- The IRS paper filing system is significantly outdated and has a 22% error rate from human en try error and dramatically adds to...
Apr 22, 2022
In this episode:*
The IRS is hiring more agents and taking a closer look at Partnership returns.
There are situations that allow you to prorate the gains on the sale of your home.
President Biden is pushing for higher taxes for high-net-worth individuals.
Each Delawarean resident will receive $300 to help with the...
Mar 11, 2022
In this episode:
- Gas taxes may be suspended (probably at the state level) to mitigate the cost of rising gas.
- Bi-Partisan support exists to delay the narrowing of the Research and Development Credit.
- We offer some important tips for retirees.
- There are many legitimate ways to use 529 plan withdraws.
- The costs of...
Jan 14, 2022
In this episode:
- The Build Back Better Bill has yet to be finalized.
- The Child Tax Credit will revert to pre-2021 rules.
- Many tax incentives were set to expire at the end of 2021.
- The Social Security wage base has increased.
- 401K contribution limits will increase.
- The allowable limits for Gift Tax amounts will...