Tax Blog
Tips to help you prepare for tax season
CARES Act QIP change requires action
IRS Tax News - CARES Act QIP change requires action Taxpayers with qualified property must act to take advantage of changes to the treatment of qualified improvement property, which is now eligible for bonus depreciation. Here are some considerations for...
Does Your State Levy a Capital Stock Tax?
Tax Policy - Does Your State Levy a Capital Stock Tax? This week’s map looks at another barrier to business and consumer recovery: capital stock taxes. These taxes impair economic growth in the best of times, but during an economic contraction they are...
Details and Analysis of Former Vice President Biden’s Tax Proposals
Tax Policy - Details and Analysis of Former Vice President Biden’s Tax Proposals Key Findings Former Vice President Joe Biden would enact a number of policies that would raise taxes, including individual income taxes and payroll taxes, on high-income individuals...
Reviewing the Economic and Revenue Implications of Cost Recovery Options
Tax Policy - Reviewing the Economic and Revenue Implications of Cost Recovery Options Removing tax policy barriers can help businesses and individuals invest, work, create jobs, and lift the economy during a post-pandemic recovery without requiring lawmakers to...
EIP Alert: May 5 Deadline for SSI and VA Beneficiaries with Dependents
While non-filers receiving Supplemental Security Income (SSI) and Veterans Affairs (VA) benefits are scheduled to automatically get a $1,200 Economic Impact Payment, the IRS says beneficiaries need to report qualifying dependents before May 5, 2020, to receive an additional $500 per qualifying child with their EIP.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Reviewing the Benefits of Full Expensing for the Post-Pandemic Economic Recovery
Tax Policy - Reviewing the Benefits of Full Expensing for the Post-Pandemic Economic Recovery Rather than relying on new tax subsidies or policies to address the economic issues resulting from the COVID-19 pandemic, lawmakers can look to reforms within the...
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