The latest from Dennis Zuehlke

Mar 27, 2015 - by Dennis Zuehlke, Ascensus

Obama budget targets education and retirement savings tax incentives

The Obama administration has proposed changes to education and retirement savings tax incentives—changes that would repeal Coverdell education savings accounts (ESAs), limit the tax deductibility of retirement savings plan ...

Mar 2, 2015 - by Dennis Zuehlke, Ascensus

What a difference an Election Day makes

What a diff’rence a day made, twenty-four little hours, brought the House and Senate new red seats, where there used to be blue… Chances are that much of Washington ...

Feb 20, 2015 - by Dennis Zuehlke, Ascensus

Promote saving during America Saves Week – February 23–28, 2015

As an attempt to motivate Americans to “set a goal, make a plan, and save automatically,” America Saves and the American Savings Education Council designate a week each year to ...

Jan 22, 2015 - by Dennis Zuehlke, Ascensus

Qualified charitable distributions extended through 2014 after failed efforts to make them permanent

In the waning hours of the lame-duck session, the House and Senate passed the Tax Increase Prevention Act of 2014 to retroactively extend a host of temporary tax provisions that ...

Dec 18, 2014 - by Dennis Zuehlke, Ascensus

GAO report finds IRS could bolster enforcement of multimillion dollar IRAs

The U.S. Government Accountability Office (GAO) has provided Congress with a report on IRA balances that shows that a small number of taxpayers have accumulated very large IRA balances. ...

Nov 14, 2014 - by Dennis Zuehlke, Ascensus

Change to IRA rollover rule creates tax trap for the unwary

The IRS is changing its position on the one-per-12-month IRA rollover rule starting in 2015—further limiting the number of rollovers an individual may make—and creating a potential tax ...

Oct 16, 2014 - by Dennis Zuehlke, Ascensus

Updating retirement savings policy for the modern economy

Just days before adjourning to return to their home states to campaign for the November mid-term elections, the Senate Finance Committee held a hearing on retirement savings and tax reform. ...

Sep 22, 2014 - by Dennis Zuehlke, Ascensus

New report highlights cost of retirement tax breaks

Retirement tax incentives are set to cost the Treasury nearly $700 billion over the next five years, second only to the cost of the exclusion for employer-provided health insurance. The ...