Using your car for gig work could cost you big

A few years ago I thought I’d make some extra cash driving for UBER on my days off. I signed up on their platform, went through their car approval process and got the sticker in the mail. I never actually drove for them, but when I was in a car accident last year I answered …

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You know that letter that came after your stimulus check?

You, like many other taxpayers in the US, may have received a letter from the IRS after receiving your economic impact stimulus payment. Your first reaction when seeing the unopened letter is OMG … what did I do wrong?!! Your second reaction after opening the letter is what do I do with this?! Don’t miss: …

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Do I owe taxes on unemployment benefits?

After President Trump declared a state of emergency due to COVID-19 in mid-March, there were 45 million new unemployment claims filed in the three months that followed.  For many of the people receiving unemployment compensation, this is all new territory.  If you find yourself in this situation, it is important to understand that these payments …

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Are you missing part of your COVID-19 Economic Impact Payment?

When Congress passed the CARES Act into law back in March of this year, approximately 85% of US households expected to receive a check. Most recipients should have received $1,200 per adult and $500 per dependent child, with a reduction taking place for individuals with an adjusted gross income over $75,000 and married couples filing …

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Presidential memorandum defers payroll taxes, with a big caveat

On August 8, President Donald Trump signed three Memoranda and one Executive Order in response to the growing need for additional economic aid amidst the Coronavirus Pandemic and resulting economic stress. In addition to extending unemployment benefits at a reduced rate, extending the Federal ban on evictions, and additional deferral of student loan payments, the …

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