Month: January 2021

After months of uncertainty, the $900 billion coronavirus relief package will provide a much-needed lifeline for jobless Americans – it includes a $300 boost to weekly unemployment benefits for 11 weeks, and for those with both wage and self-employment income, an additional $100 boost. It also extends unemployment benefits for gig workers through mid-March. Without
0 Comments
ELLICOTT, MD – NOVEMBER, 20:Regina Peterson, 83y, and Linda Umstead, are delighted while speaking to … [+] Howard County students that deliver food to her and other disadvantaged senior citizens at the Tiber Hudson Apartment Building, (Photo by Evy Mages/For The Washington Post via Getty Images) The Washington Post via Getty Images Workers’ retirement accounts
0 Comments
The recently released FinCEN Notice 2020-2 states that the agency is intending to subject cryptocurrencies held in overseas locations to the Foreign Bank and Financial Accounts Reporting (FBAR) regime. Currently, taxpayers with foreign financial interest (bank account, securities account, or brokerage account) exceeding over $10,000 in any given year are required to comply with FBAR
0 Comments
Dr. Scott Gottlieb warned that vaccinating Americans against Covid is more critical than ever, especially as the new South Africa variant appears to inhibit antibody drugs.   “The South Africa variant is very concerning right now because it does appear that it may obviate some of our medical countermeasures, particularly the antibody drugs,” said the former
0 Comments
The higher your tax bracket, the more you save by signing up for healthcare and dependent care FSAs … [+] at work. getty Got leftover money stuck in your healthcare or dependent care FSA? The giant year-end spending package provides tax relief for workers who socked away pre-tax money into flexible spending accounts for 2020
0 Comments
Yale School of Management’s Jeffrey Sonnenfeld told CNBC on Tuesday that more than two dozen CEOs are considering pulling financial support for congressional Republicans who are backing President Donald Trump‘s election challenge. Sonnenfeld’s comments on “Closing Bell” came after he hosted a virtual conference earlier in the day that included 33 chief executives. It comes about
0 Comments