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Showing posts from October, 2023

physical distancing will still be required

 A total of 86 lakh farmers across UP are to benefit from the waiver. Their names were shortlisted by banks and sent to the government. The waiver process will take place in three phases, of which the first is now over. There's a lot of different ways to do it. You could phase it out for higher incomes. That would get hundreds of billions of dollars into the economy. There are a few scenarios where using tax deferred money to pay off a mortgage can make sense. Some people have so much saved in retirement plans that the required minimum distributions at age 70 would push them into high tax brackets and cause more of their Social Security to be taxed. They also may have paid down their mortgage to the point where they're no longer getting a tax break.. Increases and decreases to debt basis are similar to adjustments to stock basis, except debt basis is not reduced for distributions not includible in income by reason of section 1368. However, since stock basis must be reduced t