The recovery rebate credit meant to cushion the COVID 19 pandemic effect is the highlight of the CARES Act. Also called Economic impact payments, it was designed to provide $1,200...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 12/31/2020
There are several options for deducting interest on student loans and student loan payments from federal income tax returns, including deducting interest on student loans, 529 eligible...
Posted by Aurelia E Weems CPA on 11/30/2020
There is some tax relief from the CARES Act to help charitable organizations cushion the coronavirus's effect. This tax relief aims to encourage donors for the 2020 tax return...
Posted by Dennis Jao on 11/24/2020
What is unemployment compensation?The state pays unemployment benefits to unemployed people who have lost their jobs due to retrenchments or layoffs. It aims to provide a source of...
Student loan rates are among the lowest we have ever seen in history. However, while the rates may seem attractive, there are still a few things to consider before taking out a student...
Posted by Dennis Jao on 10/01/2020
The current COVID-19 pandemic that has been affecting millions of American people that lead them to file for unemployment which 30 million already did and more in the future. The Coronavirus...
Posted by Carmen Garcia on 07/17/2020
The CARES Act caused some confusion regarding Required Minimum Distribution (RMD) and IRS Notice 2020-51 cleared it up.The CARES Act helped the RMDs to be waived. If the RMD is taken...
Posted by Daniel P Vigilante CPA and Profit Consultants on 07/09/2020
Two small-business loan programs will be given new life after a $484 billion coronavirus aid deal was finalized last week. The programs are created to relieve the economic devastation...
Posted by Taxes Made EZ Inc on 06/23/2020
There is a large sum of money, $ 377 billion, intended to support small businesses in the latest coronavirus stimulation package from Congress. Understanding exactly how to access...
Posted by Flynn Financial Group Inc on 05/14/2020
