Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 13, 2023 – February 17, 2023. February 13, 2023: The IRS released Internal Revenue Bulletin 2023-7, which highlights the following: Revenue Procedure 2023-9: This procedure provides new rules and conditions for implementing the optional […]
Weekly IRS Roundup February 13 – February 17, 2023 Read More »
You’re likely to encounter modified adjusted gross income during your research for the best way to get through tax season. MAGI is a modified version of adjusted gross income (AGI) used to determine eligibility for certain tax benefits. If you’re looking to make the most of this tax year, keep reading for a comprehensive understanding
Entrepreneur | What Is Modified Adjusted Gross Income (MAGI)? Read More »
Listen Now: Listen and subscribe to Morningstar’s The Long View from your mobile device: Apple Podcasts | Spotify | Google Play | Stitcher Our guest on the podcast today is financial and retirement planning expert Derek Tharp. Derek is an assistant professor of finance at the University of Southern Maine, and he’s also lead researcher
Derek Tharp: An Alternative Approach to Calculating In-Retirement Withdrawals Read More »
This story is part of Taxes 2023, CNET’s coverage of the best tax software, tax tips and everything else you need to file your return and track your refund. The American dream of owning a home keeps getting more expensive. Homeowners spend an average $12,904 per year on home improvements, maintenance and emergencies, according to home
Own a Home? Here’s All the Money You Can Get Back on Your Taxes Read More »
OTTAWA, ON, Febr. 21, 2023 /CNW/ – Millions of Canadians file their income tax and benefit returns every year. For the 2022 tax-filing season, Canadians filed approximately 31 million returns and 92% of them were filed electronically. Also, there were over 17 million refunds processed, resulting in a total amount of $37 billion! We know
Tax Tip – What you need to know for the 2023 tax-filing season Read More »
More than $160 billion in tax revenue is lost every year because the top 1% finds ways to avoid paying “their fair share,” according to academic research cited by the Treasury Department. What tactics, though, do uber-wealthy people use to avoid the taxes? It turns out that not only can they afford tax attorneys, accountants, and estate planners,
How the rich avoid taxes using strategies available only to them Read More »
Mapped: Unemployment Forecasts, by Country in 2023 This was originally posted on Advisor Channel. Sign up to the free mailing list to get beautiful visualizations on financial markets that help advisors and their clients. As 2022 clearly illustrated, the global job market can surprise expectations. So far, this year is no different. The unemployment rate
Mapped: Unemployment Forecasts, by Country in 2023 Read More »
First, it’s OK if you decide to do something different from your current job. The flexibility of being self-employed has enabled many to pursue other passions and hobbies, or even start a business. And those with the freedom to work for themselves are earning more than ever before, too. Almost 5 million workers quit their jobs
Leaving a steady job to join the gig economy? Here are three things you should know Read More »
Four is the new five, according to the results of the largest ever trial of the four-day working week. In a UK study conducted in the second half of 2022 with 61 organizations and 2,900 workers, while three firms “paused” the experiment, most participating firms liked it and aren’t looking back. A third are ready to make
Good News, For Once: The Readout With Allegra Stratton Read More »
TAMPA, Fla. — Aaron Hicks admitted he lost his confidence at the plate in 2022. He tried overcompensating in the box during big moments to feel the sort of exhilaration that escaped him for almost all of last season. Nothing seemed to work. “I felt like I was trying to force things that I normally
‘Baseball wasn’t fun’: After brutal 2022, Aaron Hicks feels ready for redemption Read More »
