• How Biden's Proposed American Families Plan Might Affect You

How Biden’s Proposed American Families Plan Might Affect You

Article Highlights: Education Benefits Education, Teachers and Educators Child Tax Credit Child & Dependent Care Tax Credit Earned Income Tax Credit for Childless Workers Paid Family Leave Health Insurance Corporate Tax Rate Individual Marginal Tax Rates Capital Gains Tax Basis Step-up Carried Interest Like-kind Exchange for Real Estate Excess Business Losses Medicare Tax Tax Preparer Regulation Compliance Bank Information Reporting President Biden presented his [...]

By |2021-07-07T00:20:05+00:00June 2, 2021|Taxes|Comments Off on How Biden’s Proposed American Families Plan Might Affect You
  • Consequences of Filing Married Separately

Consequences of Filing Married Separately

Article Highlights: Changing Filing Status Liability Community Property States Social Security Benefits Capital Loss Limitations Sec 179 Business Expensing Election Rental Loss Limitation Traditional IRA Contributions Roth IRA Contributions Education Credits Series EE or I Bonds Higher Education Interest Standard Deduction Medicare Premiums Allocating Home Mortgage Interest Alternative Minimum Tax (AMT) 2021 Tax Rate Tables Child and Dependent Care Credit Child and Dependent Credit [...]

By |2021-07-07T00:20:14+00:00June 1, 2021|Taxes|Comments Off on Consequences of Filing Married Separately
  • How Employee Stock Options Are Taxed

How Employee Stock Options Are Taxed

Article Highlights: Non-statutory Option Wage Income Statutory (Incentive) Options Capital Gains Alternative Minimum Tax Many companies, as an incentive to employees to help grow the companies' market value, will offer stock options to key employees. The options give the employee the right to buy up to a specified number of shares of the company's stock at a future date at a specific price. Generally, [...]

By |2021-05-03T17:52:52+00:00May 10, 2021|Taxes|Comments Off on How Employee Stock Options Are Taxed
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