We study two beverage taxes: the SSB tax of 1/oz in the city of Berkeley (in effect since 2015) and the temporary 2010 soda tax of 0.166/oz in Washington State. Using detailed scanner data, we find that prices in Washington reacted sharply and promptly (often by a larger magnitude ...
If you have a little extra cash you won't need anytime soon, you can make a prior-year traditional IRA contribution and reap the benefits now and in retirement. Here's a closer look at how it works and what kind of a difference it can make for your taxes
Go to Employees > Employee Center. Double-click on the related employee. Go to > Payroll Info. > Taxes… From here on the Federal tab, you should see a Form W-4 dropdown on the top line above Filing Status. If there is no dropdown, you must get ...
Since you want to independently upload the W-2 to the local tax site, you can view, print, or download the copy of the form by following the steps below: Go to the Taxes menu, then choose Payroll Tax. Select Annual forms under the Forms section...
Any AMT credit carryforwards that do not reduce regular taxes generally are eligible for a50% refund in 2018 through 2020and a 100% refund in 2021. This generally will result in the full realization of any AMT credit carryforwards existing at December 31, 2017, irrespective of future taxable...
New London (2005) justified the use of eminent domain for redevelopment takings based on the anticipated spillover benefits to the community in the form of increased taxes and new jobs. This paper asks whether this is a coherent economic rationale for allowing expropriation of residential land for...
Say your daughter was 16 when you filed your 2019 taxes, qualifying her for a $500 payment since she was under 17 at the time. What happens when you file your 2020 taxes and your daughter is 17, over the age that qualified her for that stimulus money — will you have to pay back ...
The EU authorities (state aid) have concerns that the companies involved in the LTA were able to reduce their taxes, and that these agreements were signed by multinationals only for tax avoidance purposes thereby avoiding the taxes to be paid in the EU. At the same time, multinationals claim...
Carbon pricing schemes, such as carbon taxes or emission trading systems (ETSs), have gained attention in many countries, as they are considered to effectively promote energy efficiency in targeted sectors. In general, an ETS determines the maximum amount of CO2 emissions that the targeted faciliti...
This eliminates the federal taxes due on RMD and provides a tax-efficient way for retirement savers to donate to charity. With the waiver of RMDs in 2020 due to the COVID-19 do QCDs still make sense in 2020? For financial advisers, the answer will vary based on a client’s situation....