6 Highlights of the Stimulus Bill

6 Highlights of the Stimulus Bill

A $900 Billion Stimulus bill was signed into law on December 27, 2020. It is the second stimulus bill in response to the COVID-19 pandemic. There is a lot of information in this most recent stimulus bill, as the full text was almost 5,600 pages long. So that you...
Tax Planning Tips for 2020

Tax Planning Tips for 2020

The end of the year is always a good time to do a financial check-up and make any needed adjustments, but this year it is even more important. This year is unique for many reasons. Just one of them is the many signficant tax law changes which were in effect this year....
Unemployment Income and Taxes

Unemployment Income and Taxes

If receiving unemployment income is new to you, did you know that it’s taxable income? Many people received unemployment income recently for the first time due to the pandemic. However, you may not realize that it’s considered taxable income by the IRS....
Unemployment Income and Taxes

Tax Relief Provided by the CARES Act

The tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic stimulus package that the President signed into law on March 27, 2020, are sweeping in their magnitude and complexity. The laws are changing...
Charitable Donation Strategies Due to Tax Law Changes

Charitable Donation Strategies Due to Tax Law Changes

With the recent tax law changes, should you make changes to your charitable donation strategies? Helping others through charitable donations will always be beneficial for society, but also getting a tax break as a donor makes it even sweeter to give to others in need....