(Author’s Note: The bill passed in the House and Senate on December 21, 2020, after this piece originally appeared.) Congress has finally agreed on a
Read MoreTag: CARES Act
Year-End Taxes: What You Need To Be Thinking About At The End Of 2020
2020 is nearly done. Whether you’re an individual concerned about how a new president and recovering economy will impact you, or you need to find
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Don’t Forget About The New Tax Break That Allows More People To Deduct Donations In 2020
The Internal Revenue Service (IRS) is reminding taxpayers about a temporary tax break that will allow more people to deduct up to $300 in donations
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What’s Next For Recipients Of PPP (Paycheck Protection Program)
To keep the economy afloat, Congress introduced the Paycheck Protection Program, also known as PPP. PPP consists of potentially forgivable loans to keep employees on
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Court Orders IRS To Stop Withholding Stimulus Checks
In May of this year, the Internal Revenue Service (IRS) attempted to retroactively impose rules on stimulus checks being paid out under the CARES Act
Read MoreHere’s What’s In The ‘Skinny’ Senate Stimulus Bill
It looks like Senate Majority Leader Mitch McConnell (R-KY) may bring a vote on the Senate “skinny” bill – the latest coronavirus relief bill. Why
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Here’s How To Take Advantage Of Your Retirement Accounts During COVID
On March 27, 2020, President Trump signed the CARES Act into law. Most of us know that the CARES Act offered economic relief through stimulus checks and
Read MoreHere’s What Non-Filers Need To Know About How To Claim A Stimulus Check
Didn’t get a stimulus check this year? The Internal Revenue Service (IRS) is beginning an outreach program to Americans who typically don’t file federal income
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IRS Reminds Taxpayers About August RMD Deadline
Did you take out a required minimum distribution (RMD) this year and want to put it back? As part of the Coronavirus Aid, Relief, and
Read MoreSenate CARES Act 2.0 Includes More Benefits, Another Round Of Stimulus Checks
In March of 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. It was bigger than the original Senate
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