Tax Preparation

Unemployment benefits received during the pandemic are taxable

There are a couple of simple ways to stay ahead of the situation, and there's possible relief for those who can't

The hits keep on comin'! On Friday, the Bureau of Labor Statistics announced that the economy lost 20.5 million jobs in April, with the unemployment rate at 14.7 percent.

Thank you, COVID-19.

All told, upwards of 22 million Americans have lost their jobs during the pandemic, forcing many to collect unemployment to make ends meet. For some, a bonus of $600 each week in coronavirus relief is being added on.

All that is fine and dandy for now, but most of those check recipie...

05/08/2020 By Gary Guthrie

Latest in Finance News

Thank you, you have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

We value your privacy. Unsubscribe easily.

Tax Preparation

Unemployment benefits received during the pandemic are taxable

There are a couple of simple ways to stay ahead of the situation, and there's possible relief for those who can't

Latest in Finance News

Recent Articles

Here’s how stimulus checks will be handled when it comes to taxes

The IRS is helping consumers who have questions about the process

IRS provides update on all changes to tax returns due to the COVID-19 pandemic

There are lots of FAQs to peruse, but every taxpayer should take five minutes to catch up on what they need to do

Federal officials move U.S. Tax Day deadline to July 15

States are still sorting out their due dates, so taxpayers need to stay on top of that

Treasury Department extends deadline for consumers who need to pay back taxes by 90 days

Consumers need to research how their state is handling the change

Most people won’t have to pay their federal taxes by April 15th

Because of the coronavirus, the deadline is being extended

IRS warns consumers about the scourge of 'ghost' tax preparers

One question is all it takes to sniff out a rogue

IRS reminds first-time filers that Free File might be their best and easiest option

It’s also the quickest way to get a return if you’re due for one

Here are some key tax changes taking effect in 2020

It pays to plan now for next year’s tax season

IRS reminds consumers that the window on FSA options is closing fast

Insurers offer different options, so ask for clarifications on benefits and file as soon as possible

CFPB rolls out a new initiative to help consumers at tax time

‘Start Small, Save Up’ is designed to help cushion unexpected expenses and help consumers strengthen their financial profile

IRS warns consumers that income from cryptocurrencies must be reported

Those who fail to accurately report their income could face fines and jail time

House passes changes to IRS tax-filing system

Despite bipartisan support, the measure is not without controversy

New fraud prevention report sounds alarm for taxpayers

To guard against identity theft, consumers need to consider a lot of moving parts and information

There are a couple of simple ways to stay ahead of the situation, and there's possible relief for those who can't

Latest in Finance News

Recent Articles

The IRS is helping consumers who have questions about the process

There are lots of FAQs to peruse, but every taxpayer should take five minutes to catch up on what they need to do

States are still sorting out their due dates, so taxpayers need to stay on top of that

Consumers need to research how their state is handling the change

Because of the coronavirus, the deadline is being extended

Smart taxpayers are encouraged to play it safe when it comes to things like travel meals

One question is all it takes to sniff out a rogue

It’s also the quickest way to get a return if you’re due for one

It pays to plan now for next year’s tax season

Insurers offer different options, so ask for clarifications on benefits and file as soon as possible

‘Start Small, Save Up’ is designed to help cushion unexpected expenses and help consumers strengthen their financial profile

Those who fail to accurately report their income could face fines and jail time

Despite bipartisan support, the measure is not without controversy

To guard against identity theft, consumers need to consider a lot of moving parts and information