8 tips to save on energy this summer
1. Seal it up. Insulate the attic; stop air leaks; install energy efficient windows when it’s time to buy new ones. 2. Plant trees. Carefully positioned…
Category: Money & Personal Finance
Are you insured for spring disasters?
Beautiful spring brings May flowers and sunny weather. But it can also bring tornados, hurricanes, earthquakes and floods. Insurance policies are pretty…
When and how to amend your tax return
Not every tax mistake may require you to file an amended return, but some mistakes are important to correct. If you made a minor mistake in addition or…
The future isn’t guaranteed
Suppose you are a football player with a big, fat, multi-million dollar contract. Live large, right? That’s not what the Gronk did. NFL player Rob…
How fast will your tax refund be?
How fast is tax refund? The IRS sends nine out of 10 refunds in less than three weeks. Refunds are delivered fastest for electronic filers who want a…
401(k) loan fees waived
The IRS is waiving the 10 percent early withdrawal penalty on 401(k) and IRA loans taken in 2020. If paid back in tax year 2020, it won’t count as income….
Unemployment benefits are taxable
State employment agencies will issue 1099 forms to unemployment insurance recipients. The total compensation on the 1099 is taxable and must be reported.
Early refund offers may be expensive
You see advertisements everywhere during tax season telling taxpayers not to wait for the IRS to send their refund. The ads says they will give you money…
Home office deduction: Remote workers won’t be able to claim this deduction
Seems simple, right? You started working from home so why not claim a tax break for your own home office? It’s not that easy, according to Kiplinger….
Nice surprise! Stimulus doesn’t count as income
Tax free money? Is that even possible? It seems so with stimulus checks. Stimulus payments are not considered taxable income and will not be subject to…