Taxes

COVID-19: CARES Act Allows $100,000 Tax-Free IRA Grab and Repay

More Relief: Retirement Account Required Minimum Distribution Rules Suspended for 2020 The $2 trillion COVID-19 economic recovery bill finally made it through Congress and was signed into law by President Donald Trump on March 27. The legislation is titled the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). It’s a daunting 880 pages long, …

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COVID-19: Significant Payroll and Self-Employment Tax Relief for Businesses

COVID-19: Significant Payroll and Self-Employment Tax Relief for Businesses   If you own your business or are self-employed, payroll taxes and self-employment taxes are likely two of your biggest tax burdens. As a result of the COVID-19 pandemic, individuals and business all over are suffering. Congress is going into overdrive to help you individually and …

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