Alistair Berg | DigitalVision | Getty Images Many jobless workers are about to find out they could owe federal and state taxes on their 2020 unemployment income. The news might be particularly unexpected for independent contractors and self-employed people who normally aren’t eligible for state benefits, but may have received Pandemic Unemployment Assistance through the
Month: January 2021
Andy Beshear, governor of Kentucky Scotty Perry/Bloomberg via Getty Images Kentucky is sending $400 checks to thousands of unemployed workers in the state who didn’t qualify for an earlier round of relief authorized by President Donald Trump. Other workers whose jobless benefits have been significantly delayed will get $1,000 one-time payments. Gov. Andy Beshear signed
getty What will happen to your bitcoin when you’re gone? Do you know who will be able to access your email, social media accounts, online dating profile, digital subscriptions and memberships, rewards points and other digital assets? Do you know the value of your online life, and have you considered addressing your digital assets in
getty 2020 is already a distant memory for many Americans. Almost halfway through January, it might feel that there is no planning that can be done on your 2020 taxes. In fact taxpayers do still have some tax planning opportunities. “Most tax planning should be done before the end of the year,” says Nicole Davis, CPA at
The two-acre estate on Pescadero Point offers dramatic views in all directions. © 2020 Grant Kinsey Pebble Beach, on California’s Monterey Peninsula, is known for its dramatic oceanfront scenery, its legendary golf links and its famous 17-Mile Drive. In a coveted community, that is the most coveted address. On 17-Mile Drive, two locations are at
An unused classroom at Karl Marx secondary school in Saxony-Anhalt, Gardelegen, in Germany. Due to the still comparatively tense Covid-19 situation, stricter rules apply in Saxony-Anhalt as well as nationwide. Schools are to remain in emergency operation until at least the end of January. Klaus-Dietmar Gabbert | picture alliance | Getty Images LONDON — The
A shopper wearing a face mask due to the coronavirus disease (COVID-19) pandemic browses toys at a Target store in King of Prussia, Pennsylvania, November 20, 2020. Mark Makela | Reuters Target said Wednesday comparable sales rose 17.2% in November and December, as customers bought matching pajamas and gingerbread house kits to celebrate a cozy
Win McNamee | Getty Images News | Getty Images The recent Covid relief package offers 11 extra weeks of jobless benefits to workers. Many, but not all, will be eligible for four more, for a total of 15 weeks. However, they won’t get a $300 weekly increase in benefits during that four-week period. The $900
Dwayne “The Rock” Johnson is one of the most successful entertainers in the world. In 2020, for the second year in a row, Johnson, 48, was the highest-paid actor in the world, according to Forbes. (In 2019, he earned $89.4 million, and $87.5 million last year.) He has also become a savvy businessman as the co-founder of Seven Bucks Productions,
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Earnings season is upon us, but traders will be far less interested in fourth quarter results than in first quarter and second quarter guidance. The problem is it’s not clear that CEOs will cooperate. Banks
Allen J. Schaben | Los Angeles Times | Getty Images The Mega Millions jackpot just won’t quit. With no ticket matching all six numbers drawn Tuesday night, the top prize has shot up to $750 million. The amount — which exceeds the entire economic activity of some small nations — marks the fifth-largest jackpot in
The total U.S. national debt currently stands at $27.6 trillion, or $21.6 trillion if one excludes … [+] intragovernmental debt (such as that owed to the Social Security and Medicare trust funds). getty When President-elect Biden begins rolling out his ambitious recovery agenda on Thursday, economists and policymakers will debate to what extent it should
Eric is a real estate investor and founder of MartelTurnkey. MartelTurnkey sells rental properties to investors looking for passive income. getty President-elect Joe Biden’s policies and tax plans are becoming increasingly more relevant as his time in office begins. When it comes to the real estate industry or investing in general, it’s important to pay attention
Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020. Brendan McDermid | Reuters Walmart Chief Customer Officer Janey Whiteside said Tuesday that many of its shoppers don’t expect the economy to quickly bounce back from the pandemic. Almost half of customers surveyed in November told Walmart that
A worker pours molten iron into a mold at a mill manufacturing marine engine components in Huaian, Jiangsu province, China February 11, 2019. Reuters BEIJING — Financial institutions are betting on more business opportunities in China’s finance industry, which Beijing is eager to crack open — even if analysts say major changes are a long
2020 was a record year for stocks, as markets rallied against the escalating coronavirus pandemic. 2021, too, has kicked off to a promising start amid a change in the U.S. administration, vaccine rollouts and still rising cases. That has been a boon for retail investors looking to turn a profit, and the trading platforms they
Massimo Giachetti | iStock Editorial | Getty Images An aide for the incoming Biden administration said last week the president-elect will extend the payment pause and interest waiver for student loan borrowers beyond this month, when it was set to expire. That means the 42 million Americans with federal student loans will have more time
Dutch boy saves the dike, from Hans Brinker. Illustration. BPA2# 2334 Bettmann Archive Yes, the Dutch boy who saved his city by plugging a hole in the dike with his finger, crying out, “Haarlem shall not be drowned while I am here!” is fictional, but recent reports call him to mind. The $2,000 check plan
Economic Security Planning, Inc. Today’s column addresses questions about what happens to a person’s benefit when an ex files on their record, how to file for retirement benefits after taking spousal benefits first and whether it would be a good idea to take early retirement after disability benefits. Larry Kotlikoff is a Professor of Economics
Deep soaking tubs and larger showers are among the top residential bathroom trends for 2021. Photo courtesy of Michelle Miazga-Hall, Founder + Principal, Port + Quarter // Gabriel Hall (Photographer) Last year’s dramatic events, especially the Covid-19 pandemic, will continue to exert their influence on our homes in this new year. So will the urge
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