The Internal Revenue Service, state tax agencies, and the nation's tax industry said the 5th Annual National Tax Security Awareness Week will take place between Nov. 30 and Dec. 4, 2020. This year, there's a heightened need for security as fraudsters seek to use the COVID-19 to scam taxpayers and [...]
In this age of COVID-19, believe it or not, a growing number of college-bound high school seniors and their parents would now prefer a college or university closer to home, according to a new report recently released. According to Brian Communications, a national strategic communications agency, this national survey commissioned [...]
Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid, or another cause that's personally meaningful to them, their charitable donations may be tax-deductible. These deductions basically reduce the amount of their taxable income. Here's How the CARES Act Changes Deducting Charitable Contributions Made in 2020: Previously, charitable contributions could [...]
With Veterans Day on the minds of many this month and the COVID-19 pandemic leading to an increase in veteran unemployment, the personal-finance website WalletHub recently released its report on 2020’s Best & Worst Places for Veterans to Live. The report compares the 100 largest U.S. cities across 20 key [...]
The Internal Revenue Service has several changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. The IRS assessed its collection activities to see how it could apply relief for taxpayers who owe but are struggling financially because of the pandemic, expanding [...]
The National Association of Realtors has chalked up a nice award. It said in a news release it has been identified by the global firm Great Place to Work Institute as one of the top employment destinations in America. In being named a "Great Place to Work," NAR and its roughly [...]
The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for the tax year 2021 in Notice 2020-79 PDF, posted on IRS.gov. Highlights of Changes for 2021 The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to [...]
The worldwide pandemic continues to draw havoc for many people whether it's travel, finances, or paying rent. And because the COVID-19 pandemic is causing many people to borrow more or fall behind on payments, the personal-finance website WalletHub analyzed the average credit scores of residents in all 50 states and [...]
The Internal Revenue Service reminds the nation's more than 780,000 active tax return preparers to start the upcoming 2021 filing season smoothly by renewing their Preparer Tax Identification Numbers (PTINs) now. All current PTINs will expire Dec. 31, 2020. "Large segments of the taxpaying public rely on tax return preparers [...]
The housing market continues to be fierce even with a pandemic reports Redfin as it saw 56.3% of Redfin offers on homes face competition nationwide in September, down from a revised rate of 59.1% in August, according to a new report. While that's the first decline in at least five [...]
