Karol Serewis/SOPA Images/LightRocket via Getty Images Financial advisors recommend various uses for this extra cash, depending on individual and family circumstances. Unemployed workers may need the money for basic living expenses. Some who have fallen behind on bills such as rent, utilities or mortgage payments should consider paying down some or all those arrears, advisors
Month: December 2020
After months of failed negotiations, lawmakers have finally agreed to a new $900 billion coronavirus relief package. Congressional leaders have not yet released text of the more than $2 trillion legislation — which will include broader government spending measures — but the pandemic recovery bill was set to include direct payments of up to $600
Ting Shen/Bloomberg via Getty Images Unemployed workers would get an extra 11 weeks of jobless benefits and a $300 weekly enhancement to aid payments as part of a Covid relief deal Congress reached Sunday. Certain self-employed and gig workers would also get an extra $100 a week, according to a document summarizing the legislation. The
Student loan borrowers won’t get more time to pay their bills in the stimulus deal. Ines Fraile | iStock | Getty Images Americans were already struggling with their student loans before the pandemic hit and drove up unemployment, with more than 1 in 4 borrowers in delinquency or default. Outstanding student loan debt in the U.S. has
Audrey Saracco / EyeEm Millions of Americans can finally expect to see second stimulus checks in their bank accounts soon. This time, however, those payments will be up to $600 per person for those eligible — half the $1,200 that was sent in the first round of checks in the spring. The new one-time checks
House Speaker Nancy Pelosi, D-Calif., leaves a meeting on Capitol Hill on Dec. 18, 2020. Saul Loeb | AFP | Getty Images Lawmakers extended an additional lifeline to small businesses in the next round of Covid stimulus: more forgivable loans and the ability to take a tax write-off for covered expenses. Members of Congress reached
Juanmonino | E+ | Getty Images Congress wants business owners to head out to restaurants and claim a full tax deduction for doing so. Whether it will be enough to save embattled dining establishments is another story, financial advisors and tax professionals said. The $900 billion proposal, which was released on Monday and weighs in
Economic Security Planning, Inc. Today’s column addresses questions about divorced spousal benefits and what they mean for other benefits available on a person’s record, when continuing income is counted, disability and retirement benefit amounts and a possible reason for extra payments. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
National Family Caregivers Month, celebrated in November, is over —and before you ask, ‘Who knew?’, read on. December follows with the annual Home for the Holidays Campaign, on behalf of the nation’s Aging Network—and this year, to help navigate these challenging times the focus is on directing older adults and family caregivers to the nation’s
Free Financial Planning Clinic Retirement planning sign at Hyatt Regency Hotel. (Photo by: Jeffrey … [+] Greenberg/Universal Images Group via Getty Images) Universal Images Group via Getty Images Despite rumors older people maybe skittish about working and being out in the world before they can get the COVID-19 vaccine, planning to work longer in old
getty The widow(er)’s penalty tax is one of the least known yet most onerous of the retirement Stealth Taxes. I frequently warn people about the solo years, the years after one spouse has passed away. The surviving spouse has to maintain the household with one less Social Security benefit and perhaps a decline in other
Signing Last Will and Testament. getty You may have spent part of the pandemic updating your estate plan and getting your financial house in order, but did you ever stop to think about whether your adult child needs a will? Most people don’t think their children need a will until they get married or have
Topline After a year of massive volatility, the bull market’s record streak has room to grow next year, Wall Street observers say; here’s how high top Wall Street firms expect the broad-market S&P 500 will climb in 2021. A pair of traders share a laugh on the New York Stock Exchange floor. ASSOCIATED PRESS Key
One of the most common questions people ask me is “How much do I need to save for retirement?” An accurate answer requires that I ask a lot of questions, so I understand their particular circumstances and assumptions about the future. To begin with, it’s necessary to know how much they’ve already saved, their risk
getty You’re a small business owner. What are you more constantly thinking about? Sales or profits? Both are critical. One provides the lifeblood to your business. The other provides the lifeblood to your, well, living. It’s a tough decision. If you’re like most small business owners, this is a constant pushmi-pullyu struggle. But something more
Can you deduct business expenses? Of course. But can you deduct them if you use forgiven PPP loan money to pay for them? Until now, the debate has raged, with the IRS saying multiple times “no way, no tax deduction.” But finally, Congress has come to the rescue and said that the whole point of
getty Congress has finally agreed on a COVID relief package. It is the first significant stimulus action from Congress since the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act was signed into law in March of 2020. There hasn’t been a vote yet, but votes are expected today (December 21, 2020) in
Loren Ponds Courtesy of Loren Ponds Miller & Chevalier Chtd. member Loren Ponds shares her journey from Georgetown University Law Center to the OECD to Capitol Hill, where she worked on the 2017 tax law, and what she learned along the way. ADVERTISEMENT This post has been edited for length and clarity. Nana Ama Sarfo: Thanks
Well it’s like an early Christmas morning, racing down the stairs to see what tax relief presents Santa has left everyone. There are lots of gifts for everyone – businesses, individuals, charities and, especially for those who like their wine, spirits and beer (Santa is thoughtful). A useful summary of all the tax provisions is is
WASHINGTON, DC – DECEMBER 20: Senate Minority Leader Chuck Schumer listens as Speaker of the House … [+] Nancy Pelosi speaks after the House and Senate finally came to an agreement on the coronavirus relief bill. (Photo by Tasos Katopodis/Getty Images) Getty Images The pandemic relief bill Congress is about to pass is loaded with
- « Previous Page
- 1
- …
- 8
- 9
- 10
- 11
- 12
- …
- 30
- Next Page »