Tag Archive for: unemployment benefits
Will You Owe Taxes On Your 2020 Unemployment Checks?
Extemded unemployment benefits provided much-needed relief to 40 million people in 2020, But Americans could be facing hefty tax bills in April if they didn’t realize unemployment benefits are taxable by the federal government and by some states. CLICK ON THE HEADLINE FOR MORE
Pandemic’s Effect On Filing 2020 Taxes
If you worked from home, received a relief payment, took on some gig work or filed unemployment benefits — or someone filed a fake claim in your name — there are things you need to be aware of. Likewise if you normally receive certain tax credits. CLICK ON THE HEADLINE FOR MORE
Preparing Taxes Sooner Than Later Could Prevent An Unwanted Surprise If You Claimed Unemployment
People who did not and are not withholding taxes from their unemployment checks could be in for a big surprise when they file taxes this year. You could be paying the IRS as much as 25% of your total unemployment payments. CLICK ON THE HEADLINE FOR MORE
7 Things To Know About The Senate Stimulus Proposal
While efforts to combat the coronavirus pandemic's physical toll continues in research labs, lawmakers believed that tossing an extraordinary amount of cash at the problem early on would be the best solution to the United States' financial woes. Thus was born the Coronavirus Aid, Relief, and Economic Security (CARES) Act. CLICK ON THE HEADLINE FOR MORE
13 Steps To Take If You’ve Lost Your Job Due To The Coronavirus Crisis
If you’ve faced job loss because of the coronavirus, here are 13 steps you should consider taking to help lessen the financial blow and prepare you to bounce back once the economy recovers. CLICK ON THE HEADLINE FOR MORE
Surprise! Four Things You Didn’t Know Were Taxable
There’s precious little time left to prevent unwelcome tax surprises next April. For four kinds of income that people routinely think they don’t have to report, CLICK ON THE HEADLINE