Congress made numerous changes to the tax code that affect all taxpayers—not just the “rich.” Review the major provisions. Learn more in this Tax Strategist.
Indices closed out mixed on Friday. The Dow and S&P 500 hit a five-year high level and ended in the green zone while the Nasdaq shed some points. General Electric stepped up after reporting respectable fourth-quarter results. Caterpillar, AT&T and DuPont also led the Dow up.
The IRS has provided guidance on how qualified charitable distributions can satisfy an IRA owner’s RMD for 2012 and 2013. Learn More in this Tax Tip.
Stocks made mixed moves on Tuesday. Microsoft, Caterpillar, and JPMorgan Chase posted gains on the Dow. The S&P 500 also closed marginally in green territory. The Nasdaq shed some points, led lower by Apple. Trading was mixed in the wake of various economic data.