What You Should Know The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate stock buybacks. Additional funding is also provided to the IRS. Some … [Read more...]
Inflation Reduction Act
Is the U.S. in a recession?
In an early July poll, 58% of Americans said they thought the U.S. economy was in a recession, up from 53% in June and 48% in May.1 Yet many economic indicators, notably employment, remain strong. The current situation is unusual, and there is little consensus among economists as to whether a … [Read more...]
Missouri Tax Credit
For Missouri taxpayers, a new tax credit is available for those who make eligible contributions to these certified educational assistance organizations. The program is called the Missouri Empowerment Scholarship Accounts Program, MOScholars, and it funds scholarship accounts for qualified Missouri … [Read more...]
Bear Market Territory
The stock market has had a rough first half of the year, with much of the gains from the past two years being lost in 2022. You may have recently heard about the stock market falling into bear market territory, and about concerns the economy could be heading into a recession. Investors are uncertain … [Read more...]
High Inflation: How Long Will It Last?
In March 2022, the Consumer Price Index for All Urban Consumers (CPI-U), the most common measure of inflation, rose at an annual rate of 8.5%, the highest level since December 1981.1 It's not surprising that a Gallup poll at the end of March found that one out of six Americans considers inflation to … [Read more...]