With the mid-term elections coming to a close with the run-off election for the Georgia Senate seat, Congress turns its attention to some must-pass bills before the end of the year. First, funding for the federal government expires on December 16, requiring Congress to pass an omnibus spending bill or continuing resolution. Additionally, lawmakers must
Individuals who withdrew retirement funds under the CARES Act have options for filing and paying taxes.
The CARES Act provides more ways for business owners to offset losses in tax filings in 2020.
While tax rates are historically low, investors may want to review several tax planning considerations before year end.
As investors prepare for year-end planning, they may want to consider tax-smart strategies under the CARES Act.
In 2020, more taxpayers may be able to take tax deductions on their charitable giving as a result of provisions in the CARES Act.
The federal response to the pandemic continues to evolve, creating considerations for financial planning.
The Small Business Association announced guidelines for loan forgiveness for the PPP program for small businesses.
The CARES Act provisions suspended RMDs for this year and may impact investors’ financial plans.
Many lawmakers are planning for a fourth phase of pandemic relief funding, which could include aid for states and individuals.