Archive: tax rate

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New Private Foundation Tax Rate

The new year has brought us the Setting Every Community Up for Retirement Enhancement Act of 2019, referred to as the SECURE Act, which contains a number of significant changes to IRA and 401(k) retirement plans.    Changes include: Repeal of maximum age at which traditional IRA contributions can be made An increase to age […]

Proposed Tax Law —What You Need to Consider in Your 2017 Tax Planning

BACKGROUND On November 2nd, the House Ways and Means Committee released H.R. 1, the Tax Cuts and Jobs Act, the opening volley on tax reform for the 115th Congress. The House bill (429 pages) is a Congressional response to a litany of issues that have plagued taxpayers (at least as perceived by the House Ways […]

Tax Reform Passes D.C. Council After Override of Mayor’s Veto

On July 14th, the District of Columbia Council voted 12 to 1 to override Mayor Vincent’s veto of the District’s Fiscal Year 2015 Budget Support Act of 2014 (B20-0749). The legislation includes tax rate decreases for both individuals and businesses, as well as the heavily publicized “yoga tax” (i.e., sales tax on health club memberships). […]