Advisors

Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio, on Dec. 19, 2020. BRAD LEE | AFP | Getty Images The U.S. economy is on the mend. But the unequal — or K-shaped — nature of the recovery persists. Economic activity is on pace to return to pre-pandemic
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A Social Security Administration office in San Francisco. Getty Images It’s no secret the funds Social Security uses to pay benefits are running low. New proposals on Capitol Hill aim to fix the program’s solvency. Just how dramatic those changes will need to be depends on how soon changes are put through. Likewise, people who
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Image by Marie LaFauci | Moment | Getty Images Any possible tax changes for ultra-high-net-worth and high-net-worth investors could result in an increased tax burden.  That means there’s motivation to find ways to protect that wealth. Some solutions that reduce exposure to specific anticipated Biden tax increases involve making charitable donations — a plus for the charitably
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Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in July. Here’s what taxpayers need to know about the tax credit and income stream. Child tax credit
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Tanya Constantine | Tetra images | Getty Images For a while, it looked like tax season might not deliver the usual refund euphoria that grips most Americans every spring. With so many people drawing unemployment benefits in 2020 and changes around tax withholding meaning less is being pulled from employee paychecks, many tax advisors expected
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