RMDs in 2020: What You Need to Know
As a result of COVID-19, required minimum distributions (RMDs) have been suspended for 2020. The IRS has provided guidance on…
Answers to Questions about COVID-Related Payments
As a result of the pandemic, Congress has created a number of payments and programs for individuals to help them…
Answers to Questions About IRAs
Tax legislation—the SECURE Act in December 2019 and the CARES Act in March 2020—each contain rules impacting IRAs. Because of…
Covid-19 and Your Taxes
The worldwide pandemic—Covid-19—has changed everything…taxes included. Congress has enacted a new law (Families First Coronavirus Response Act, H.R. 6201, or…
Amended Return Opportunities
The Further Consolidated Appropriations Act, 2020 (P.L. 116-94) retroactively reinstated dozens of expired tax breaks. Some of these breaks are…
Open Tax Questions under the SECURE Act
The SECURE Act made some major changes in retirement plans and IRAs. It also has left many unanswered tax questions.…
What the SECURE Act Means to You: 10 Key Changes
As part of a massive year-end domestic spending package, called the Further Consolidated Appropriations Act, 2020 (H.R. 1865), numerous changes…
2019 Year-End Tax-Saving Strategies
The year is winding down but there’s still time to take certain actions that can lower your tax bill for…
Employee Business Related Expenses You Can Deduct without Itemizing
Employees cannot deduct most business-related expenses because they are miscellaneous itemized deductions subject to the 2%-of-adjusted gross income (AGI) floor…
Making Your Employee Benefit Selections Now
Fall is the time of year to choose the employee benefits you want for the following year from the options…