Tax profile picture
5 hrs ago - Translate

No fooling around if you're facing an April 1 RMD deadline Did you turn 73 last year? Belated happy birthday wishes. Now here's an important tax question about that septuagenarian celebration. Did you take your first required minimum distribution (RMD) from your tax-deferred retirement funds by the end of 2023? If the answer is no, then you've got to withdraw that mandated amount by next Monday, April 1. No fooling. Miss that RMD deadline date, and you'll owe Uncle Sam more money than just the tax due on your withdrawal amount. Ending tax deferral days: The Internal Revenue Code offers myriad tax benefits for retirement savers. Several of them provide tax-deferred...
https://www.dontmesswithtaxes.....com/2024/03/april-1-

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Discover the world at Altruu, The Discovery Engine
    Tax profile picture
16 hrs ago - Translate

Maryland’s Worldwide Combined Reporting: To Be or Not to Be? By violating the principles of simplicity, neutrality, and stability, and failing to raise significant revenue, worldwide combined reporting at the state level is doomed to fail.
https://taxfoundation.org/blog..../maryland-worldwide-


Discover the world at Altruu, The Discovery Engine
    Tax profile picture
16 hrs ago - Translate

Considering Tax Reform Options for 2025 (and Beyond) Given that U.S. debt is roughly the size of our annual economic output, policymakers will face many tough fiscal choices in the coming years. The good news is there are policies that both support a larger economy and avoid adding to the debt.
https://taxfoundation.org/blog..../tax-reform-options-


Discover the world at Altruu, The Discovery Engine