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Taxes

Confusion reigns for some businesses over "pass-through" deduction

by Marielle Segarra
Jan 14, 2019
Some companies are unsure whether a 20 percent income deduction applies to them.
Under the new tax law, LLCs and S corporations pay taxes based on their owner’s personal income instead of the corporate tax rate.
Tim Boyle/Getty Images
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What to expect on the new tax law in 2019

by Marielle Segarra
Dec 28, 2018
We’re still learning how the tax law is playing out and what it all means.
Anticipating a high volume of calls and the ensuing backlog, the IRS is urging people to prepare as much as possible this tax season.
Joe Raedle/Getty Images
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How to maximize the value of flexible spending accounts

by Sabri Ben-Achour
Dec 14, 2018
Use it or lose it? Make sure you take advantage of every dollar.
Be sure to document your medication expenses.
Joe Raedle/Getty Images
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Verizon's bet on Oath falters

by Amy Scott
Dec 11, 2018
Verizon created Oath out of its investments in “legacy” digital media companies AOL and Yahoo. The goal was to compete with internet giants Facebook and Google. It seems that the world’s biggest wireless network just wasn’t able to make that work. Click the audio player above to hear the full story.
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President George H.W. Bush dies at 94

by Nancy Marshall-Genzer
Nov 30, 2018
He came to office promising not to raise taxes, but later compromised to help cut the deficit.
U.S. President George Bush poses for photographers after his address to the nation, 27 September 1991, in the Oval Office of the White House. During his speech, Bush announced that the U.S. will unilaterally eliminate its land and sea-based short-range nuclear weapons.
LUKE FRAZZA/AFP/Getty Images
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President George H.W. Bush dies at 94

by Nancy Marshall-Genzer
Nov 30, 2018
He came to office promising not to raise taxes, but later compromised to help cut the deficit.
U.S. President George Bush poses for photographers after his address to the nation, 27 September 1991, in the Oval Office of the White House. During his speech, Bush announced that the U.S. will unilaterally eliminate its land and sea-based short-range nuclear weapons.
LUKE FRAZZA/AFP/Getty Images
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President George H.W. Bush dies at 94

by Nancy Marshall-Genzer
Nov 30, 2018
He came to office promising not to raise taxes, but later compromised to help cut the deficit.
U.S. President George Bush poses for photographers after his address to the nation, 27 September 1991, in the Oval Office of the White House. During his speech, Bush announced that the U.S. will unilaterally eliminate its land and sea-based short-range nuclear weapons.
LUKE FRAZZA/AFP/Getty Images
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In an effort to attract young workers, Maine is offering to reimburse their student loan payments

by Robbie Feinberg
Nov 30, 2018
It's no secret that workers are getting older nationwide. But the problem is extra tough in Maine.
Justin Sullivan/Getty Images
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Rush to divorce is the latest consequence of 2017 tax reform

by Marielle Segarra
Nov 28, 2018
Alimony payments will no longer be tax deductible for divorces finalized after Jan. 1.
Cordell and Cordell/Flickr
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What business investment says about our economy's future

by Justin Ho
Nov 28, 2018
After the tax law passed last year, Republicans argued that companies would take their tax savings and make big investments in themselves — plants, equipment, trucks, that sort of thing. But over the last year, there are signs that business investment is slowing. GM’s plans to shut down five plants are just the latest example. Economists […]
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