HOW TO AVOID 401(k) WITHDRAWAL TAXES

How to avoid 401(k) withdrawal taxes. With the Covid pandemic and need for more government money to help the U.S. economy along, Congress has been looking for alternative sources of income. Taxing retirement plans more than they had been before was discussed by the Congress as an alternate way of doing just that. The 401(k) […]

BYE CALIFORNIA HELLO RESIDENCY AUDIT

Bye California hello residency audit. Californians like to complain about high taxes, and who can blame them ? California may have more millionaires and billionaires, but the tax cost of livin in the Golden State has always been high. The current top rate 13.3%–which is the same on ordinary income and capital gain–dates from 2012. […]

VIRUS BILL HAS TAX CREDITS FOR EMPLOYERS

Virus bill has tax credits for employers. The Coronavirus relief bill signed by President Trump late Wednesday, among its many provisions, several tax credits for employers who provide paid sick leave or family or medical leave for their employees who miss work for various coronavirus related reasons. The Families First Coronavirus Response Act, H.R. 6201, […]