tax debt

A few weeks ago I tweeted the following, which caused a bit of controversy on Twitter/X: Hot take: Maxing out your 401(k) when you are younger is almost always the wrong choice. The extra 0.5% per year isn’t worth locking up your wealth until old age. While I won’t rehash the...

Making tax filing easier may not be good for everyone. The change in tax law that doubled the standard deduction means fewer people will need to itemize – and therefore fewer will likely use tax preparers, bad news for H&R Block Inc. (NYSE: HRB), Goldman Sachs believes. The Analyst...

On Friday, May 9, to the chagrin of the Obama Administration, the United States House of Representatives overwhelmingly approved the American Research and Competitiveness Act of 2014. The bipartisan effort (274 yay vs 131 nay) has been deemed a ‘job creator,’ with backers alleging that this tax...