STIMULUS AND 2020 TAXES INTERTWINED

Stimulus and 2020 taxes intertwined. Your taxes have a lot more to do with your stimulus checks than you may think—and that goes for the first and second direct payments as well as a potential third stimulus check. Your federal income tax plays a major role in determining the size of the check the IRS […]

TRUMP SOCIAL SECURITY AND THE ELECTION

Trump social security and the election. Social Security has long been called the “third rail” in American policitcs–touch it at your own peril. With the news cycle dominated by COVID-19 since March, it hasn’t been a hot button issue. But that is changing. On August 8, President Trump signed an executive order to cut the […]

$1.4 BILLION IN STIMULUS TO THE DEAD

$1.4 billion in stimulus to the dead. More than a million Americans who had died received COVID-19 stimulus payments totaling $1.4 billion, a government watchdog said in a report to Congress. The finding is part of a sweeping review of the federal government’s response to the nonpartisan  congressional agency. The report paints a clearer picture […]

TWELVE EXPENSES YOU SHOULD NOT CLAIM

Twelve expenses you should not claim. No one wants to pay more than he or she has to in taxes. Fortunately, numerous deductions and credits can help lower your tax bill. However, don’t make the mistake of trying to claim one of the these expenses or you might get into an audit with the IRS. […]