Money Today That Matters Tomorrow
This article was inspired by a few of my older family members who have had a discussion that generally goes like this: “Andy, I am hearing that Bitcoin and Dogecoin [or insert any Crypto currently in vogue] are the place to invest and have been doubling almost weekly. Is this …
With a slowing economy, persistent inflation, higher than expected tax revenue and massive inflows ($350 billion) from the Biden ARPA stimulus bill, many states are forging ahead with implementing additional COVID relief and economic assistance programs for lower-to-middle income and unemployed workers. Various state funded assistance ranges from direct stimulus …
This is a scary outcome for unemployed workers currently getting the extra $300 weekly unemployment payment (FPUC program) in addition to the federally funded unemployment benefits under the PUA, PEUC or EB programs. At this stage a majority of states are ending benefits early, with more to follow in the …
President Biden has released his next major spending plan, dubbed the American Jobs Plan (AJP), which includes trillions of additional dollars in spending on infrastructure, job creation initiatives and support for middle class families and lower income earners. However to pay for the massive spending proposals the administration has proposed …
Despite the end of enhanced unemployment extension programs (PUA, PEUC, $100 MEUC and $300 FPUC), many people are reporting issues with getting their past or overdue claims processed, and as a result facing long delays in receiving their payments. See the sections below for the main reasons why and where …
With no further federal funding, several popular family and dependent tax credits that were expanded during the pandemic (see details in earlier updated below) have returned to pre-pandemic levels. This means many families and individuals will see a smaller refund, all else being equal, in the year ahead when filing …
Unless you have been living under an “investing” rock, it is clear that all things Cryptocurrency (Crypto) are in vogue. And despite trying to be a long term “smart” investor it is hard to ignore the buzz and massive gains – sometimes daily – being seen with various Cryptocurrencies like …
Under the American Rescue Plan Act (ARPA) funding has been provided to expand the current Child Tax Credit (CTC) to $3,000 annually per child (or $250 monthly) between the ages of 6 and 17, while increasing it to $3,600 for children under the age of 6 (infants), equivalent to $300 monthly. The IRS will …
“When are my unemployment benefits actually ending?” This is a question several readers have been asking following the extension of federally funded enhancement benefit programs (PUA, PEUC and $300 FPUC) under the Biden ARPA stimulus bill to September 6th, 2021. However many states, per the table below have already announced …
Millions of American’s have been relying on unemployment benefits over the last few years. This has also meant a growing number of jobless or underemployed folks on unemployment have or are about to reach the end of their benefit year. While pandemic enhanced unemployment benefits (PUA and PEUC programs) have …
The IRS has been making millions of “catch-up” or “plus-up” payments to those who have filed recent tax returns or updated payment/dependent information. These Plus-Up Payments are set to be distributed up until December 31, 2021. Actual payment or deposit of these funds could go into early 2022. These “plus-up” payments …
With one of the busiest tax seasons on record the IRS is caught between paying out the latest round of stimulus payments – $1400 per adult and $1400 per qualifying dependent (and this time adult dependents are included) – and processing 2020 tax refunds for millions of tax filers. The clear answer to the …
Estimated taxes normally have to paid if you do not withhold taxes via your employer or if the amount of income tax being withheld from your salary, pension, vendor payments or other income is insufficient. Estimated taxes are generally paid by small business’, self-employed or gig workers with variable sources …
The IRS says that most refunds will be paid within 21 days, but many tax filers are finding out (yet again) that it could take much longer, despite filing early and getting their return accepted by the IRS. Waiting weeks, months or even a whole tax season for IRS updates …