Individual and Family Wealth Articles
Posted by Angela Miles on May 13, 2021
Before the pandemic hit, the number of people engaged in the “gig” or sharing economy was growing and even more people turned to gig work during the pandemic to make up lost income. There are tax consequences for the people who perform these jobs.
Posted by Kevin Smeader on May 12, 2021
If you want your vacation home to qualify as a rental property for federal income tax purposes, you'll need to limit your personal use. But, as the COVID-19 pandemic lingers on, you may want to increase the time spent at your home-away-from-home, rather than rent it out to others.
Posted by Robert Ingrasci on May 07, 2021
The Biden administration on April 28, 2021, unveiled a $1.8 trillion plan to provide assistance to middle- and low-income families that would be largely funded by tax increases on wealthy Americans.
Posted by Kevin Smeader on April 13, 2021
The American Rescue Plan Act liberalizes the child and dependent care credit for 2021. But the changes won't help high-income households.
Posted by Cheryl A. Jankowski on April 08, 2021
Review some of the specifics of Biden’s proposed tax changes and how they would affect individuals and households.
Posted by Cory Van Deusen V on April 07, 2021
In the early morning hours of Tuesday, April 7, 20201, New York state leaders agreed on a $212 billion budget that includes increased tax rates for both large businesses and the wealthy in New York State.
Posted by Mark Janulewicz on April 07, 2021
The Biden administration on March 31, 2021, unveiled a jobs and infrastructure plan, the American Jobs Plan, to address the nation’s pressing infrastructure needs. The plan calls for about $2 trillion in spending over eight years.
Posted by D’Marie Murray on March 30, 2021
There's good news for certain parents: For 2021 only, under provisions included in the new American Rescue Plan Act, you may be eligible for a significantly larger tax credit for qualifying children. Though the rules have been significantly liberalized, they're complicated.