Use the latest tax-deductible driving rates to reimburse your drivers tax-free. You can always pay them more, but any amount above the most recent rate will need to be taxed like regular income. Use the business mileage rate to reimburse employees tax-free ($0.70 per mile) Use the busines...
Mortgage rates rose slightly this week, with 30-year fixed-rate loans averaging 6.88 percent, according to Bankrate’s latest lendersurvey. This week’s big headline: Inflation cooled a bit more, to an annual rate of 2.3 percent. The Federal Reserve announced last week that it wouldleave rate...
THE EXCISE, ESTATE AND GIFT TAX ADJUSTMENT ACT OF 19701 made major changes in estate and gift tax procedure, effective, with minor exceptions, 2 for estates of decedents dying after December 31, 1970.3 Amendments to the regulations reflecting changes inBerall, Frank S...
The following table shows the statutory rates for each state levying death taxes, as well as the potential top statutory effective rate that decedents would be required to pay when the Federal Estate Tax obligations are combined with state death tax obligations.Table 1: Overview of State Death ...
The rate of layoffs in February (1.1%) was unchanged compared to the previous month, according to the JOLTS report. The sectors with the largest increases in layoffs and discharges were retail trade (+67,000), real estate and rental and leasing (+24,000), and federal government (+18,000...
TODAY’S MORTGAGE RATESIf you like a rate, apply today. These numbers could change tomorrow, so call 855-257-4040 or find a Truist loan professional nearby if you have questions about our current rate environment. Apply points to adjust the rate ...
Federal Reserve policy: When the Fed raises or lowers the benchmark federal funds rate, it kicks off a chain reaction among interest rates: It first affects the prime rate, which in turn is used to price home equity loans. So when the Fed hikes rates, the cost of new home equity loans...
The rate of layoffs in March (1%) changed slightly compared to February (1.1%), according to the JOLTS report. The sectors with the largest increases in layoffs and discharges were retail trade (-66,000) and in the federal government (-11,000). The number of layoffs and discharges went ...
From the enforcement of federal tax liens against a trust found to be the taxpayer’s nominee to the United States Supreme Court’s ruling that highly compensated workers may be entitled to overtime pay, we have recently seen significant developments in estate planning and business law. To ...
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