IRS reminds taxpayers of the home office deduction rules

Working from home these days? The Internal Revenue Service wants individuals to consider taking the home office deduction if they qualify. The benefit may allow taxpayers working from home to deduct certain expenses on their tax return. The home office deduction is available to qualifying self-employed taxpayers, independent contractors, and [...]

By |2020-09-26T11:14:08-08:00September 29th, 2020|Finance|Comments Off on IRS reminds taxpayers of the home office deduction rules

California posts country’s biggest credit card debt paydown

Wondering how credit card debt is faring amid the COVID-19 pandemic? With the economy showing signs of life despite the ongoing impact of the Coronavirus pandemic, WalletHub’s new Credit Card Debt Study revealed that U.S. consumers paid down $118 billion in credit card debt during the first half of 2020 [...]

By |2020-09-21T16:45:31-08:00September 24th, 2020|Student Loans|Comments Off on California posts country’s biggest credit card debt paydown

Tax relief for victims of Oregon wildfires; Oct. 15 deadline, other extensions

Help is here for victims of the Oregon wildfires and those suffering from straight-line winds that began on Sept. 7. Those affected now have until Jan. 15, 2021 to file various individual and business tax returns and make tax payments, the Internal Revenue Service said in a news release. The [...]

By |2020-09-19T10:35:07-08:00September 22nd, 2020|Finance|Comments Off on Tax relief for victims of Oregon wildfires; Oct. 15 deadline, other extensions

College students cash-strapped amid COVID-19 applying for scholarships

College students are experiencing many challenges according to the Scholarship app Scholly. The company released its COVID-19 Student Impact Report which includes key insights into the unique challenges facing college students this academic year, along with students' thoughts on returning to the classroom as opposed to learning from home. Mission [...]

By |2020-09-16T10:55:52-08:00September 17th, 2020|Student Loans|Comments Off on College students cash-strapped amid COVID-19 applying for scholarships

IRS adds 6 more forms to list that can be signed digitally totaling 16

It is the Digital Age, after all. On Aug. 28, the IRS reported it would temporarily allow the use of digital signatures on certain forms that cannot be filed electronically. Since then the agency has added several more forms (PDF) to that list. The IRS made this decision to help protect [...]

By |2020-09-12T14:22:36-08:00September 15th, 2020|Finance|Comments Off on IRS adds 6 more forms to list that can be signed digitally totaling 16

Remote work could open homeownership to nearly 2M renter households

The rise of remote work has the potential to unlock the American Dream of homeownership for nearly 2 million renter households. A new Zillow analysis finds that's how many renter households could likely telecommute and afford monthly payments on the typical U.S. starter home, but couldn't afford a starter home in [...]

By |2020-09-09T14:41:26-08:00September 10th, 2020|Real Estate|Comments Off on Remote work could open homeownership to nearly 2M renter households

IRS: interest rates to remain same for Q4 2020

Some good news for taxpayers during the COVID-19 pandemic. The Internal Revenue Service said interest rates will remain the same for the calendar quarter beginning Oct. 1, 2020. The rates will be: 3% for overpayments (2% in the case of a corporation); 0.5% for the portion of a corporate overpayment [...]

By |2020-09-05T13:11:10-08:00September 8th, 2020|Finance|Comments Off on IRS: interest rates to remain same for Q4 2020

More women are shopping for boats during pandemic

Men aren't the only ones who buy boats: About 75% more women are shopping for boats across the U.S., according to Boat Trader. In a news release Boat Trader, the online marketplace said there has been a tidal wave of women shopping for boats from coast-to-coast this summer. Reports of [...]

By |2020-09-02T14:36:55-08:00September 3rd, 2020|Lifestyle|Comments Off on More women are shopping for boats during pandemic

IRS approves temporary use of e-signatures for certain forms

Digital signatures aren't always accepted or possible however, to protect the health of taxpayers and tax professionals, the Internal Revenue Service will temporarily allow the use of digital signatures on certain forms that cannot be filed electronically. The change will help to reduce in-person contact and lessen the risk to [...]

By |2020-08-29T11:06:36-08:00September 1st, 2020|Finance|Comments Off on IRS approves temporary use of e-signatures for certain forms
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