President Trump’s proposed cut in corporate taxes will also affect individuals. Amanda Becker and Steve Holland cover the plan for Reuters. The latest report on Leading Economic Indicators is out with a forecast for the coming months. What are the chances of a recession? Jill Mislinski offers analysis for Advisor Perspectives. If your son or daughter receives a scholarship to college, you can still withdraw from your 529 plan without paying a penalty. That’s according to Kim Lankford, who looks into the details for Kiplinger.
Trump’s 15% Tax Plan Reportedly Goes Beyond Companies– Trump’s proposal to cut the corporate tax rate to 15% extends beyond companies to cover partnerships and proprietorships that are taxed through parts of the tax code that apply to individuals, sources say. The proposal reportedly does not mention a border-adjustment tax. Read more…
Conference Board Leading Economic Index: “Continued Economic Growth“- The Conference Board LEI for the U.S. increased again in March, with the majority of its components making positive contributions. “The March increase and upward trend in the U.S. LEI point to continued economic growth in 2017, with perhaps an acceleration later in the year if consumer spending and investment pick up,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. Read more…
How a Scholarship Affects Your 529 College-Savings Account– You can withdraw up to the amount of a scholarship from your 529 account without paying a penalty on the earnings, even if you don’t use the money for eligible college costs. Read more…
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller