Search results

The income limits to traditional and Roth IRA contributions are based on MAGI not taxable income. This should be corrected.

The limit goes up from $3,650 in 2020 to $10,000 in 2021, and will be adjusted for inflation. SEC. 9621 – STRENGTHENING THE EARNED INCOME TAX CREDIT FOR INDIVIDUALS WITH NO QUALIFYING CHILDREN. Expands the eligibility and the amount of the earned income tax credit for taxpayers with no...

It definitely depends on what employer and how well funded the pension system is. Ironically, despite California's shaky financial situation, I think California for new public sector employees is fine. Most of the county pension systems are hovering around 80% and post Jerry Brown everyone is...

California invests their lottery proceeds in Treasuries, which even their pension system doesn't do. If I won the lottery I would probably take the lump sum, because I can take slightly more risk by putting it in munis or stocks and do better, even with the tax drag. The only difference would be...

Subsidy repayment Buried in the ACA regulations it describes how repayment is to occur for someone making under the 100% amount, basically calling for a maximum $300/$600 repayment provided the decision to declare a subsidy was made and accepted by the exchange...