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An act to extend certain tax relief provisions enacted in 2001 and 2003, and to provide for expedited consideration of a bill providing for comprehensive tax reform, and for other purposes. Acronyms (colloquial) ATRA: Enacted by: the 112th United States Congress: Effective: January 1, 2013: Citations; Public law: Pub. L. 112–240 (text ...
By Bonnie Lee Happy New Year! I don't know what you did on New Year's Eve, but we all know what Congress did: they finally hammered down some tax legislation for 2013 and beyond. These last ...
Tax law is constantly changing, and even retirees are not immune from annual updates. In fact, seniors in particular have their own set of laws and rules to follow that may not even apply to ...
Retirees should consider how the long-term implications of their retirement planning will play out with these policies. Tax Policy Shifts Retiree taxes could be affected by quick changes through ...
Federal Employee Retirement Changes The Conference Agreement included in this bill states that contributions by all federal civilian employees entering service after December 31, 2012, who have less than five years of creditable civilian service (revised annuity employees), will be subject to a 2.3% increase in their retirement annuity, a sharp ...
Trending Now: Trump-Era Tax Cuts Are Expiring — How Changes Will Impact Retirees Therefore, he advised planning the timing and amount of these distributions wisely, to manage your tax liability ...
As of 2010, 68.8% of Federal individual tax receipts including payroll taxes, were paid by the top 20% of taxpayers by income group. The top 1% paid 24.2% whereas the bottom 20% paid 0.4% due to deductions and the Earned income tax credit. With 2013 tax law changes, the top 1% will pay an even larger share. [1]
Being retired means not having to worry about waking up early to get to work. But with retirees facing unprecedented financial challenges, you shouldn't quit on making smart resolutions to make ...