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What is Your Federal Income Tax Rate?

Money Talk

Knowing your tax rate can help you prepare a tax return and take action(s) to reduce your tax liability. Do you know your federal income tax rate? You may actually have several different tax rates (e.g., This post describes the different federal tax rates that apply to taxpayers. a year and a day or longer).

Taxes 187
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IRA Basics for Retirement Savers

Money Talk

While taxpayers have until the tax filing deadline in April 2023 to contribute to an individual retirement account (IRA) for 2022, many people prefer to make all of their current year tax-saving moves before year-end. IRAs are not an investment, per se, but, rather, a special classification for tax purposes.

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21 Financial Events and Trends During 2021

Money Talk

Some states/cities have moratoriums through dates in 2022. Fraud- Top fraud categories reported by the Federal Trade Commission in a 2021 report were imposter, online, and internet services scams. There was also late notice of tax exemption for up to $10,200 of 2020 unemployment benefits.

Finance 362
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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. Here’s a list of what to expect in 2022. For 2022, the affordability level will be 9.61% of their household income, down from 9.83% in 2021.

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Responsible Financial Innovation Act: Proposed Tax and Reporting for Digital Assets

McDermott Will & Emery Employee Benefits

On June 7, 2022, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced the highly anticipated Responsible Financial Innovation Act (the bill), which sets out to create the first complete regulatory and bipartisan framework for digital assets.

Taxes 86
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SECURE 2.0 Brings Significant Changes for 403(b) Plans

Proskauer's Employee Benefits & Executive Compensa

As part of our continuing series on SECURE 2.0 , signed into law December 29, 2022, this post focuses on significant changes for section 403(b) tax-sheltered annuity plans (“403(b) plans”). A CIT is a tax-exempt pooled investment vehicle that holds assets attributable to certain types of employer-sponsored retirement plans.

401(k) 111
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Expedia Layoffs To Affect 9% Of Workforce In a Bid To Refocus Resources

HR Digest

Their full-year GAAP (Generally Accepted Accounting Principles) saw a 127 percent growth compared to 2022, one of their highest growth numbers to date. The Expedia cash expenditures and total pre-tax charges are expected to range between $80 million USD to $100 million USD. billion USD, marking a 10 percent year-over-year growth.