The COVID 19 relief package passed in March 2020 includes provisions valued at $2.3 million to cushion the pandemic's effect. It is called CARES Act and comes with a package for...
Posted by Taxes Made EZ Inc on 02/23/2021
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
Yes. Unemployment compensation, particularly jobless benefits, is considered taxable income for federal income tax purposes and for some states too. As of the date of this posting,...
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
Yes. Unemployment compensation, particularly jobless benefits, is considered taxable income for federal income tax purposes and for some states too. As of the date of this posting,...
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
