1. I’ll have to pay the money back next tax season. False. This “economic impact payment” will not reduce your refund or increase the amount you owe when you file your 2020 tax return next year. You are not alone in believing this myth, though. Because the check is...
If you’re self-employed, you are no stranger to the burden of self-employment taxes. And as the COVID-19 crisis continues, you may find it increasingly difficult to pay these taxes. But there is hope! The CARES act includes several provisions for self-employed...
If you’re unemployed you’ve likely already read dozens of articles explaining the unemployment benefits under the CARES Act. But what do they all mean? Here is a simple list of the major the unemployment benefits available to you: Federal Pandemic Unemployment...
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