Since the coronavirus pandemic started, many have lost their jobs or been furloughed; however, the government stepped in and extended a helping hand by giving people money as a result. However, the monies that were paid out for six weeks came to an end in some states; this was a part of the
Do I Have To Pay Taxes On Stocks?
Stocks are a great way to build an investment and to gain more financial security about your future. It is important to note, however, that there are still taxes that apply to your stocks -- so hopefully, you're not surprised during tax season. The profit that you make on your stocks is taxable up
Silver Linings of 2020: It’s a Good Time to Refinance
There's no arguing the fact that 2020 has been a pretty awful year overall. The COVID-19 situation has done a number on people all around the world. It's brought on the closings of all kinds of businesses, too. Despite that, there may be a small bright side to the 20s. That's because, for many, home
Is The First-Time Homebuyers Tax Credit Gone?
In 2008 (due to the economic downturn), the Housing and Economic Recovery Act passed that enabled Americans to qualify for a federal tax credit if they purchased a home that year. If you purchased a home in 2008, the credit acts like an interest free loan and was expected to be paid back on your tax
How to Maximize your Rental Income by Reducing your Rental Income Tax
Most people are happy to own income properties, but the complicated rental income taxes deter them from turning it into a thriving business. Property owners have a mandate to pay two types of housing taxes, namely, the real estate tax and the capital gain taxes. Although the charges are said to be
How To Know If I Owe More Taxes
In December 2017, tax Cuts and job cuts were enacted in the United States by the department of revenue. This resulted in a change in the direction employers take to determine the amount of income tax that is to be deducted from your salary. Many Americans did not know that the W-4 forms required an
The Paradox of the Pandemic: Savings Increase During Economic Downturn
Unexpectedly, amongst a jarring amount of job losses and shuttered small businesses, many Americans have spent the past several months of the coronavirus pandemic improving their own personal finances by saving more money or paying off lingering debt. Almost half of Americans have managed to
What You Should Know Before Filing Doubt As To Liability
Let me set the stage for you. It's a Thursday, the week's almost done, you're about a third of the way through the month, you're already making your weekend plans (a combination of chores and recreational activities), when suddenly, you remember you haven't checked your mailbox since Monday. Of