Purchasing a home is likely the largest purchase you will ever make. Even though the vast majority of buyers will finance a significant portion of their home, saving up for a down payment is still extremely important. Here are some ways to free up some money to save for this purpose: Set a budget. If you [...]
This article was published by the IRS. Childcare or adult dependent care can be a major expense. Fortunately, the child and dependent care credit can provide some relief. Taxpayers who pay for daycare expenses may be eligible to claim up to 35% of what they spend; limits apply. For the purposes of this credit, the IRS [...]
This video was published by the IRS. The Individual Taxpayer Identification Number program, or ITIN for short, is for people who have a filing or reporting requirement but who are not eligible for a Social Security number. The law now requires ITINs issued before 2013 to expire. If your ITIN is expiring or has already expired, [...]
Having your own space is an important part of adulthood. But how you secure that space depends on a lot of factors. In some situations it makes sense to purchase and own a home; in others, renting makes more sense. Here are some pros and cons to each scenario: When you are a renter, there's only [...]
This article was published by the IRS. Many businesses affected by COVID-19 qualify for tax relief though credits or deferrals. Here's a breakdown of which employers qualify for these new tax credits and the deferral of employment tax deposits and payments through December 31, 2020. Credits for paid sick and family leave Businesses and tax-exempt organizations [...]
