If you need money due to COVID-19, you may be able to take a tax-free “coronavirus-related distribution” from a retirement plan. The IRS has released guidance explaining who qualifies for one of these distributions.
Did you get an Economic Impact Payment that was less than you expected?
Have you received an Economic Impact Payment only to find out it’s less than what you were expecting? Here are some of the reasons why.
Do you have tax questions related to COVID-19? Here are some answers
If you’re like most Americans, the coronavirus (COVID-19) pandemic has led to many questions. Health issues are of utmost concern but you may also have many financial questions. Here are some answers.
COVID-19: IRS announces more relief and details
Expecting an Economic Impact Payment from the IRS? The tax agency has made a few new announcements about the financial relief the government is providing.
CARES ACT changes retirement plan and charitable contribution rules
During the COVID-19 crisis, many people and charitable organizations need cash. The new CARES Act may provide some solutions.
Cash payments and tax relief for individuals in new law
You’ve probably heard about the cash payments the government is sending out due to the coronavirus (COVID-19) pandemic. Do you qualify?
Individuals get coronavirus (COVID-19) tax and other relief
The coronavirus (COVID-19) pandemic has changed life across the country. The IRS and Congress have responded with some tax and financial relief. Here’s a brief rundown of what’s been provided so far,
Home is where the tax breaks might be
Buying a home and want to know how much of a tax break you’ll get for paying mortgage interest? Here are the rules.
Reasons why married couples might want to file separate tax returns
In most cases, married couples who file jointly save more money on taxes than those who file separate returns. However, there are cases when filing separately is a better option.