Taking A CARES Act Retirement Plan Withdrawal? Prepare For This Tax Surprise

Taking a CARES Act withdrawal might see like a solid move, especially if money is tight and your borrowing options are limited. But if you do decide to take money out of your retirement plan this year, you may wind up with a tax headache on your hands. CLICK ON THE HEADLINE FOR MORE

Noticed Extra Money In Your Paycheck? The Good And The Bad Of The Payroll Tax Cut

The Social Security payroll taxes usually taken out of paychecks was suspended from September 1 through the end of the year to help Americans financially struggling during the pandemic. But as with most things in life, there’s a catch. It’s essentially a loan. CLICK ON THE HEADLINE FOR MORE

What Will Filing Taxes Be Like In 2021 – How To Prepare

Each year, if necessary, the IRS releases drafts of tax forms, so professionals may comment. This advance notice gives insight on how tax-filing will look different in 2021 – when 2020 income taxes are filed – and what you can do to prepare. CLICK ON THE HEADLINE FOR MORE

3 Tax Moves You’ll Want To Make After Election Day 2020

It’s imperative to watch the election with your tax situation in mind. Once the results are in, you should be prepared to take prompt action in three areas that could see dramatic shifts no matter who emerges victorious. CLICK ON THE HEADLINE FOR MORE