The proposal does not yet include any new taxes on individuals.     President Joe Biden introduced the much-anticipated American Jobs Plan, which outlines an approach to spend roughly $2.2 trillion on the nation’s infrastructure and other projects.   As part of the legislative process, the Biden administration also laid out a proposal for paying…

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The IRS Extends Additional Tax Deadlines What to know about your IRA, HSA, and more.     Previously, the Internal Revenue Service (IRS) announced that the federal income tax filing due date for individuals for the 2020 tax year had been automatically extended from April 15, 2021, to May 17, 2021.1   More time for…

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The new deadline is May 17, 2021.   Provided by Kyle Boston   Less than one month ahead of the traditional date, the I.R.S. has delayed the deadline for filing and paying taxes. The new deadline is May 17, 2021.1,2,3   The delay follows continued disruption from the COVID-19 pandemic and a late start to…

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Do you know what has changed for I.R.A. beneficiaries?   Provided by Kyle Boston   New inherited I.R.A. rules took effect on January 1, 2020. The Setting Every Community Up for Retirement Enhancement (SECURE) Act became law on that day, altering the regulations on inherited Individual Retirement Account (I.R.A.) distributions.   The big change: the…

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2020 IRA Deadlines Are Approaching Here is what you need to know.   Provided by Kyle Boston   Financially, many of us associate April with taxes – but we should also associate December with important IRA deadlines. December 31, 2021 is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts.…

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Quarterly financial reports are here.   Provided by Kyle Boston   Every few months, you may hear the phrase “earnings season” as you listen to financial news.   But what exactly is “earnings season,” and why is it important to Wall Street?   Earnings season is the time when a majority of publicly traded companies…

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