It seems hard to believe from our current vantage point that less than twenty-five years ago, only $600,000 was exempted from estate taxes. When a person died, any amount left to heirs above $600,000 would be taxed at the then-maximum tax rate of 55%.
Last Friday, the Internal Revenue Service announced a delay in the beginning of the 2021 tax season to February 12, about two weeks later than its usual start, in order to allow the agency to complete preparations related to the tax changes that we
Some of our readers are old enough to remember the 1970 hit song written by Curt Sapaugh and Bobby Austin and subsequently made popular by Glen Campbell. The chorus went like this:
As we turn the page on the calendar to a brand-new year, there are many reasons for hope and optimism. Perhaps foremost on most minds is that vaccines are on the way, offering the promise of finally closing the door on the dangerous virus that has threatened the entire world for the past year.
The number of at-home workers has skyrocketed this year as the novel coronavirus caused companies across the country to temporarily lock their doors.
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