What people should and should not do if they get mail from the IRS

Every year the IRS mails letters or notices to taxpayers for many different reasons. Typically, it’s about a specific issue with a taxpayer’s federal tax return or tax account. A notice may tell them about changes to their account or ask for more information. It could also tell them they need to make a payment. [...]

By |2021-08-16T15:08:41+00:00August 16th, 2021|Personal Finance, Uncategorized|0 Comments

State Tax Implications of Working From Home

Over half of all employees want to keep working from home at least part of the time, which means employers will be facing tax consequences. Requirements are different for remote and in-office staff members, and the nexus laws in a state also affects what employers pay. Jun 18th 2021 The country's workforce has changed significantly because of the [...]

By |2021-06-21T15:01:53+00:00June 21st, 2021|Personal Finance|0 Comments

How Working Conditions and Attitudes Have Changed Due to the Pandemic

COVID-19 has dented worker sentiment: although the majority (86%) of workers still say they feel optimistic about the next five years in the workplace, this is down from 92% last year. At a time of economic, professional and personal disruption, worker optimism offers hope for the world of work, according to a new research report [...]

By |2021-05-24T14:49:26+00:00May 24th, 2021|Personal Finance|0 Comments

People should check Get My Payment for status of third EIP and watch their mail

The IRS continues to issue the third round of Economic Impact Payments to eligible individuals, with payments being issued as a direct deposit or by mail as a paper check or prepaid EIP debit card. No action is needed by most eligible people to receive a third Economic Impact Payment automatically. Check Get My Payment to see [...]

By |2021-03-29T15:17:37+00:00March 29th, 2021|Personal Finance|0 Comments

$10,200 unemployment tax break: IRS plans to automatically process refunds

The IRS plans to automatically process refunds for taxpayers who had unemployment income in 2020 and file their tax returns before legislation passed that made those benefits tax free. The American Rescue Plan, which was signed into law by Pres. Joe Biden on March 11 made the first $10,200 of unemployment income tax free for [...]

By |2021-03-22T18:06:31+00:00March 22nd, 2021|Personal Finance|0 Comments

Lawmakers ask IRS to extend tax season until July 15

Democrats on the House Ways and Means Committee are urging the Internal Revenue Service to extend tax season beyond April 15 to give taxpayers another three months until July 15. Lawmakers on the tax-writing committee in Congress wrote a letter to IRS Commissioner Charles Rettig on Thursday to make the request, pointing to what happened last year [...]

By |2021-02-22T15:31:45+00:00February 22nd, 2021|Personal Finance|0 Comments

2021 Taxes: Teachers Can Deduct Some Covid-19 Out-of-Pocket Classroom Expenses

Eligible educators can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom. COVID-19 protective items include, but are not limited to: face masks; disinfectant for use against COVID-19; hand soap; hand sanitizer; disposable gloves; tape, paint or chalk to guide social distancing; physical barriers (for example, clear plexiglass); [...]

By |2021-02-15T18:38:59+00:00February 15th, 2021|Personal Finance|0 Comments

House aims to pass Covid relief bill within two weeks as budget reconciliation moves forward, Pelosi says

KEY POINTS The House hopes to pass its coronavirus relief bill within two weeks as Democrats in Congress took a key step toward using budget reconciliation to approve legislation. The Senate on Friday morning passed a budget resolution, and the House will follow suit in the afternoon, starting the process that will allow Democrats to [...]

By |2021-02-08T18:24:52+00:00February 8th, 2021|Personal Finance|0 Comments

How to work with someone you can’t stand

It’s a problem most of us encounter at some point in our careers—and working remotely can exacerbate the issue. You can pick your friends, but you can’t usually pick your coworkers. Chances are you’ll work with someone you don’t like during your career, and there may even be someone on your team right now that [...]

By |2021-01-25T15:06:07+00:00January 25th, 2021|Personal Finance|0 Comments

What’s in the New Covid Relief Law?

Stimulus payments are just part of it. Also: more unemployment, PPP, EIDL loans, Employee Retention Credit, EIC, CTC, eviction moratorium, and more. The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 is a $900B relief package to deliver a second round of economic stimulus for individuals, families, and businesses. The package provides relief through [...]

By |2021-01-04T15:05:31+00:00January 4th, 2021|Personal Finance|0 Comments
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