This article was published by the IRS. New rules under the CARES Act provide flexibility for health care spending that may be helpful in the current environment where more people may need at-home services due to measures to fight the coronavirus. Telehealth and High Deductible Health Plans Under the CARES Act, a high deductible health plan [...]
Raising a family comes with a multitude of costs, costs which require an adequate and stable income. As your income goes up, so too do your taxes. But taking advantage of some tax deductions can help. Here are a few scenarios to consider: Child Tax Credit - If you are a parent or legal guardian of [...]
This article was published by the IRS. 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 offer expanded loan options. Can I get [...]
One way to pay off debt is to cut back on expenses and make financial sacrifices. But another way to do it is by finding creative ways to bring in more money. Whether you work a full-time job already or are struggling to find work, there are some important questions to ask yourself before looking for [...]
This article was published by the IRS. Due to the Coronavirus pandemic, millions of Americans received or are currently receiving unemployment compensation, 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 this compensation now to help avoid owing taxes on [...]
