Personal finance

President Donald Trump meets with supply chain distributors in reference to the COVID-19 coronavirus pandemic, in the Cabinet Room in the West Wing at the White House on Sunday, March 29, 2020. Pete Marovich | Getty Images The ink is barely dry on the new coronavirus relief bill, yet tax mavericks are hatching strategies around

NoDerog | E+ | Getty Images Those government stimulus checks should be on their way soon to millions of Americans. Many people have still have a lot of questions about them. Last week, Washington lawmakers approved a $2 trillion relief bill in response to the coronavirus outbreak that includes a payment of $1,200 for single taxpayers

Don’t be surprised if your employer pauses its contributions to your 401(k) plan during the U.S. economic downturn. As the coronavirus pandemic wallops the economy, and businesses deal with dropping revenue and limited cash flow, employers are exploring how to trim their obligations to those plans without violating federal regulations. Companies commonly give to worker’s

These may be extra scary times for Medicare beneficiaries. For the 62 million people enrolled — most of whom are age 65 or older, or younger with disabilities — the coronavirus generally poses a greater health risk. And while Congress and regulators have eliminated out-of-pocket outlays for testing — and taken other steps to improve

I drafted a notice to my firm’s clients so they can have a clear understanding of the provisions in the CARES Act, the $2 trillion economic rescue bill that President Trump signed into law last week. I wanted to share some of this information. I am only including information about how the act actually impacts

US President Donald Trump participates in a meeting with Supply Chain Distributors to discuss the response to COVID-19 at the White House in Washington, DC, on March 29, 2020. Jim Watson | AFP | Getty Images This year, heirs of retirement accounts can bypass mandatory withdrawals from those IRAs. The coronavirus relief bill, which President

US Speaker of the House Nancy Pelosi signs the bill after the House passed a $2 trillion stimulus bill, on March 27, 2020, at the US Capitol in Washington, DC. Alex Edelman | AFP | Getty Images For people who turned 70½ last year and were required to take a withdrawal from their individual retirement

A ride share driver picks up passengers at O’Hare Airport on April 10, 2019 in Chicago, Illinois. Scott Olson / Getty Images Earlier this month, as talk of a new virus outbreak in the U.S. revved up, Robert Richwine, an Uber driver in Columbus, Ohio, devised a game plan to try to stay on the road.

College acceptance letters are already in the mail. Now high school seniors must decide their fate for September. Up until now, National College Decision Day, the deadline for high school seniors to choose which college they will attend, has always been May 1. This year, however, the global coronavirus pandemic and extreme economic uncertainty have pushed many

The pandemic affects everyone — even cats and dogs that are clearly surprised at the change in routine. Younger children might not understand everything that’s going on, and older ones might realize life has changed but not know how to get clarity from their parents. The current situation is different from anything anyone’s experienced in

Andrew Cuomo, governor of New York, speaks during a news conference at the Jacob Javits Convention Center in New York, U.S., on Friday, March 27, 2020. Angus Mordant | Bloomberg | Getty Images New Yorkers are getting more time to submit their 2019 income tax returns to the Empire State. Individuals filing a New York

New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, January 16, 2018. Lucas Jackson | Reuters New Jersey homeowners whose finances have been affected by the novel coronavirus will get a 90-day reprieve on their mortgage payments, said Gov. Phil Murphy on Saturday. Lenders will also waive late

Yellow Dog Productions  What does the legislation do? The bill — the Coronavirus Aid, Relief and Economic Security Act — expands unemployment insurance, a program enacted in 1935 to provide temporary income support for workers who lose their jobs. The legislation does three primary things: offers bigger unemployment checks, increases the duration of those payments and extends

Cabania | iStock | Getty Images Plus Congress has passed a $2 trillion coronavirus stimulus bill, and you’re probably already counting up the money you could receive in relief checks — if you’re eligible. Generally, individuals who earn $75,000 or less qualify for $1,200 one-time payments, while couples making $150,000 or less may receive $2,400.

Tetra Images | Getty Images Congress is poised to push through new legislation that will put stimulus relief checks in the hands of millions of Americans. The checks will amount to $1,200 for those who earn $75,000 or less, and $2,400 for couples making $150,000 or less. A big question among individuals who are living

People looking to start investing have found the right moment, personal finance expert Suze Orman told CNBC on Thursday. “There couldn’t be a better time to start investing [than] right now,” Orman said on “Fast Money.”  Orman’s comments came after another strong day for stocks amid weeks of coronavirus-driven volatility. The S&P 500 rose more than 6%

White flag blowing in the wind Derek Brumby After weeks of steep market declines, you may feel you’ve had enough, that you want your hard-earned money during these uncertain times with you, under quarantine. And who could blame you? Headlines warn us that we’re careening toward a global financial crisis uglier than 2008, and the

Small businesses are getting a potential lifeline from Congress. The massive $2 trillion economic rescue package — expected to get final approval from Congress on Friday — includes provisions aimed at helping smaller employers weather the economic storm brought on by the coronavirus pandemic. “We are cautiously optimistic that this will provide the cash flow

NoDerog | iStock | Getty Images As Congress pushes through a $2 trillion stimulus bill, some Americans can expect checks from the government to help them cope with the economic devastation stemming from the coronavirus crisis. Those payments are expected to be $1,200 for individuals, or $2,400 for those who are married and file income

Senate Majority Leader Mitch McConnell (R-KY) speaks to reporters following the Senate Republican policy luncheon which both President Donald Trump and Vice President Mike Pence attended on March 10, 2020 in Washington, DC. Samuel Corum | Getty Images The federal coronavirus relief bill would allow taxpayers to nab a $300 deduction for charitable giving –