News & Press
Remote work has become more commonplace as a result of the coronavirus pandemic, but experts caution against expecting any major changes to U.S. tax laws that would account for these trends.
According to a June survey from PwC, 55% of employers said they expect most of their employees to work from home even after the pandemic is no longer a threat.
In most years, only a few key dates stand out for income-tax planning, and most of them are familiar to taxpayers. But deadlines and strategies have changed a bit for 2020.
The coronavirus pandemic and economic-shutting efforts to slow the virus altered the norm. The most notable example involved the Internal Revenue Service and various state tax agencies, including the Arizona Department of Revenue, switching the usual April 15 filing deadline for 2019 returns to July 15.
Ryan Ermey: Living in retirement comes with twists and turns, no matter when you retire. But life has been particularly chaotic for retirees of late. Former Kiplinger's editor and current retiree Janet Bodnar joins the show, to tell us how retirees can navigate turbulent times, in our main segment. On today's show, Sandy and I remind you to reverse your required minimum distributions (RMDs) before the imminent deadline.
Our guest on the podcast is retirement and tax expert, Ed Slott. He is president and founder of Ed Slott and Company, which provides retirement and tax planning education to investment advisors and financial institutions. Ed has written several books including the recently published Ed Slott's Retirement Decisions Guide: 2020 Edition and Fund Your Future: A Tax-Smart Savings Plan in Your 20s and 30s.
If you took a mandatory distribution from your retirement savings this year, you’re running out of time to put the money back.
The CARES Act, the coronavirus relief act that took effect this spring, permitted retirement account holders to bypass required minimum distributions for 2020.