This Week’s Must Read

On August 24, 2022, just a few days before federal student loan repayment was set to resume, President Biden announced a plan for additional student loan debt relief. Federal student loan repayment was originally halted in March 2020 at the start of the pandemic. The new plan extends the payment moratorium through the end of […]

The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate stock buybacks. Additional funding is also provided to the IRS. Some significant provisions in the Act are discussed below. Medicare The legislation authorizes the Department of

Due to recent increases in the price of fuel, the IRS has increased the optional standard mileage rates for computing the deductible costs of operating an automobile for business, medical, and moving expense purposes for the second half of 2022. The standard mileage rate for computing the deductible costs of operating an automobile for charitable

One silver lining in the current bear market is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which might be a substantial tax bill. However, if assets in your traditional IRA have

Article originally published on: https://www.clickorlando.com/ Florida’s sales tax holiday runs July 25 through Aug. 7 ORLANDO, Fla. – Florida’s annual back-to-school sales tax holiday starts Monday with clothes, school supplies, computers and more sales tax-free for two weeks. From Monday, July 25 to Sunday, Aug. 7, sales tax will not be charged on: Clothes, footwear and

Article originally published on: https://www.kbb.com/ For several months, car shoppers got a breather. But prices for new vehicles continue to climb. New car buyers paid an average of $47,148 in May, representing an increase of $472 over April. The average used car sold for $28,312 in May. That’s about $60 less than the previous month, showing that prices leveled

Article originally published on: https://www.bu.edu/ Questrom’s Jay Zagorsky and CAS’ Laurence Kotlikoff on what’s likely to be next for the roller coaster we’re on Interest rates are running in inverse direction to stock markets, with the former up and the latter sagging. Which direction is the economy headed? Americans are wondering after last week’s largest-in-three-decades

A hearty breakfast in bed, impromptu softball game, barbecue, a day of fishing at the lake, a few hours on the links, or maybe just a sanctioned day off without the burden of errands or chores, are all perfect ways to celebrate dad. But what about finding something unique that reflects a special time only

Article originally published on: https://www.washingtonpost.com/ What could possibly go wrong when you travel? During the summer of 2022, it’s more like: What could possibly not go wrong? The list of potential pitfalls is long, and the probability of encountering one is all too high. It includes the coronavirus, higher prices and gridlock leading to delays and cancellations.

Each year hurricane season begins on June 1st and lasts 5 months, with storms typically peaking in August and September. As with every hurricane season regardless of forecast, knowing the essentials of how to prepare could truly be a life saver. Hurricane Knowledge First, know your hurricane facts and understand common terms used during hurricane