Our entire financial landscape has changed over the last couple of weeks as the Coronavirus has brought our economy to a screeching halt. But with all these changes, there are some temporary measures that have been implemented to help you and your family stay afloat. Here are three: Deferred payments. Many utility companies have announced that [...]
As the events of the past few days have shown us, life can be extremely unpredictable. This inevitably affects our finances as life seems to spiral at times. This is a prime example of the importance of an emergency fund. An emergency fund is a financial safety net that is used to cover unplanned expenses so [...]
This video was published by the IRS. Do you own a vacation home you sometimes rent to others? If so, there are rules on recording your rental income and expenses. For example, if you rent out your vacation home only for a short time - fewer than 15 days a year - you may not [...]
This video was published by the IRS. Do you need more time to file your tax return? Don't worry, getting an extension of time to file is easy. You can get an automatic extension of six months by filing Form 4868. You will find it at IRS.gov/extensions. But remember - this is an extension of time [...]
This video was published by the IRS. Many parents claim the Child Tax Credit to help with the cost of raising children. The credit can be $2000 per qualifying child. This credit applies if: The child is younger than 17 at the end of the tax year. You claim the child as a dependent. The child [...]
