JUSTIN LANE/POOL/EPA-EFE / Shutterstock / JUSTIN LANE/POOL/EPA-EFE / Shutterstock The 2017 Tax Cuts and Jobs Act (TCJA), signed by then-President Trump, was the most recent major overhaul to the IRS tax code. However, the legislation was criticized — by his opponents — for favoring corporations and wealthy taxpayers at the expense of middle class and…
Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered “False,” you’re smarter than more than 60% of your fellow Americans nearing retirement. In fact, if you know just about anything about how Social Security works, you’re very likely…
I have an after-tax 401(k) that I would like to roll over to a Roth IRA with Schwab. Experts at Schwab say it can be rolled over to a Roth IRA without paying any taxes. I think they are wrong as I will still have to pay taxes on the earnings and capital gains accumulated…
Applied Materials, Inc. Quarterly revenue $7.05 billion, up 5 percent year over year Quarterly GAAP EPS $2.09 and non-GAAP EPS $2.32, down 12 percent and up 9 percent year over year, respectively Annual revenue $27.18 billion, up 2 percent year over year Annual GAAP EPS $8.61 and non-GAAP EPS $8.65, up 6 percent and 7…
Senior police officers could retire early if the Chancellor cuts the pension tax-free lump sum, it has been warned. The amount savers can withdraw from their pension without paying income tax could be cut to £100,000 under plans being considered by the Treasury. However experts said the move could drive public sector workers, including senior…