How to Save Money While Paying Off Debt
During recessionary times, many Americans experience hardships like job loss that negatively impacts their way of life. This may cause people to fall behind on bills and send their financial well-being seemingly spiraling out of control. Even after people have found new employment,...
People Should Have Tax Withheld From Unemployment Now to Avoid a Tax-Time Surprise
Due to the Coronavirus pandemic, millions of Americans received or are currently receiving unemployment insurance payments, many of them for the first time. It's important for these individuals to know that unemployment compensation is taxable. People can have taxes withheld from...
Stay Organized for Next Year’s Tax Return
Tax season has come and gone, but staying on top of finances and keeping organized for next year’s tax return is an ongoing process. So, every year around this time I start to do some spring cleaning with my financial papers. I’ve learned a lot from financial experts that I have...
10 Ways to Pick Yourself Up When You are Feeling Low
Life never runs entirely smoothly. Even so, there are times when people get hit with more than their fair share of disappointments. When troubles seem to be mounting up, it can begin to feel like everything you touch goes wrong. Of course, going through a bad patch does not make you...
Tax Treatment of Unemployment Benefits
The tax treatment of unemployment benefits you receive depends on the type of program paying the benefits. Unemployment compensation includes amounts received under the laws of the United States or of a state, such as: State unemployment insurance benefits Benefits paid to you by a...
New Law Provides Relief for Eligible Taxpayers Who Need Funds From IRAS and Other Retirement Plans
The Internal Revenue Service provided a reminder today that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers in need by providing favorable tax treatment for withdrawals from retirement plans and IRAs and allowing certain retirement plans to...
3 Unique Tips to Increase Your Work from Home Productivity
There are plenty of articles floating around the internet right now with tips about working from home. On top of the official guidance you get from your office, unofficial tips are scattered around like confetti on social media and news sites. Some of these strategies aren't...
What Taxpayers Need to Know About the Home Office Deduction
The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. With more people working from home than ever before, some taxpayers may be wondering if they can claim a home office deduction when they file their 2020 tax return next year....
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