Among the many provisions in the multi-trillion-dollar legislative package being debated in Congress is a provision that would eliminate a strategy that allows high-income investors to pursue tax-free retirement income: the so-called back-door Roth IRA. The next few months may present the last chance to take advantage of this opportunity. Roth IRA Background Since its … Continued
The House Budget Committee voted to advance a $3.5 trillion spending package to the House floor for debate. We review the proposed changes.
The U.S. housing market, already strong before the pandemic, has heated up to record levels in 2021. The Case-Shiller U.S. National Home Price Index, which measures home prices in 20 major metropolitan areas, reported a 12-month increase of 18.6% in June 2021, the largest year-over-year gain in data going back to 1987.1 The National Association … Continued
After more than four years of international negotiations taking place, 132 countries recently agreed to a new plan to reform international tax laws.
If you pay attention to financial news, you are probably seeing a lot of discussion about inflation, which has reared its head in the U.S. economy after being mostly dormant for the last decade.
In March 2021, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6%, the largest one-month increase since August 2012. What does it mean and where will it go from here?
Since the pandemic began, disruptions in business activity have varied greatly from region to region. Unfortunately, many of the official government statistics used to gauge the health of the U.S. economy are backward looking and somewhat delayed. Here are some of the high-frequency indicators that may be helpful in evaluating the progress of the economic recovery.
Due to the unusual conditions related to the coronavirus pandemic, the due date for individuals to file 2020 federal income tax returns and make tax payments has been postponed by the IRS from Thursday, April 15, 2021, to Monday, May 17, 2021.
Learn about the $1.9 trillion relief package that includes payments to individuals and funding for federal programs, vaccines and testing, and schools.