I thought about listing inflation, which definitely caused a lot of economic damage this year. But the bad monetary policy actually occurred in 2020 and 2021 when central bankers overreacted to the pandemic. So I’m going to write instead about bad things that specifically happened in 2022. Bi...
It’s happened to many of us at some point—you may be walking along a street and look down. Lo and behold, there’s a $20 bill in your path. Or maybe it’s a silver bracelet. Either way, it’s found property. The tax ramifications of finding a $20 bill
(Photo by Jakob Owens on Unsplash) The end of each year is a good time to reflect on what happened the previous 12 months. For most of us, that includes some good events, some sad ones, and some still shaking out as we’re about to enter a brand new year. Many of these changes ...
One downside to filing a joint tax return is that both spouses are equally liable for any mistakes or deliberate omissions on the tax return. However, one spouse isn't responsible for the other spouse’s errors if they happened in the years before you married. ...
But regardless of the weather today, or six weeks from now when we’re deeper into Tax Season 2025, you need to make sure you get your filing right. If you don’t, you’ll end up being the tax version of Bill Murray in the “Groundhog Day” movie, this time reliving your tax mist...
$44,726 and ended at $95,375. It shifts up to between $47,151 and $100,525 for tax year 2024. What this means is that just because you were taxed at or above a marginal tax rate of 22% last year doesn't mean history will repeat itself, no matter what happened with your income...
That’s what happened when the Paris-based OECD launched its initial attack on tax competition. So-calledtax havenswere told that they needed to be deputy tax collectors for high-tax nations, but this would only involve complying with occasional requests for information about specific taxpayers sus...
If this happened to you but you received one anyway, don’t worry — you don’t need to pay back the difference. If your child was born in 2020 If you welcomed a new family member in 2020 and were eligible for stimulus checks, you should be able to receive up to $1,100 in ...
But my wife didn’t contribute to her 2022 IRA until March 2023, and did the backdoor conversion around the same time. So, she got no 1099-R form because the conversion happened in 2023. So when filling out her numbers in HRBlock, after it asks about her 2022 IRA Contributions ($6000...
the 2017 Charlottesville protest happened, with members of the alt right marching while a woman was killed. “I probably say that the tipping point was definitely when he claimed there were good people on both sides in Charlottesville. I just don’t know any good Nazis.” (AP Photo/L...