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Filing taxes is never easy. And for many Americans, it’s even more complicated this year.
Between mid-season changes to the tax code, multiple stimulus packages, and filing extensions, there are plenty of big-picture challenges. And if you had weeks of pandemic-related unemployment benefits to account for or you bought a house or refinanced in 2020 amid historic low rates, your individual return may be more difficult than usual, too.
Biden tax hikes dominate adviser-client discussions
There s a sense of urgency to make moves to take advantage of today s low tax rates because they may be going up soon. A $2.3 trillion package contains a proposal to increase the corporate tax rate from 21% to 28%.
April 1, 2021 3 MINS
As proposals to increase taxes on wealthy Americans and high-income earners to fund government spending initiatives proliferate in Washington, preparing for tax hikes has become a top priority for investment advisers and their clients.
“This is the world I’m living in,” said Joanne Burke, founder of Birch Street Financial Advisors. “That’s a conversation I’m having probably on a daily basis with clients. Everyone I talk to has the general sentiment they’re going to have a tax increase.”
Author of the article: Meghan Balogh
Publishing date: Feb 12, 2021 • February 12, 2021 • 6 minute read The Napanee Business Centre in downtown Napanee on Thursday. Photo by Meghan Balogh /The Whig-Standard
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NAPANEE Former board members of Greater Napanee’s Business Improvement Area committee are pointing to ongoing negativity, harassment and even bullying in the wake of the resignation of most of its board of directors on Jan. 27.
The resignation letters of five out of six Napanee BIA board members were received during a Greater Napanee town council meeting on Tuesday night.
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