Tag: 2020

This article provides the latest updates and news on General Schedule (GS) pay scale changes, including forecasted annual adjustments based on White House and Congressional plans. The GS pay scale provides annual base pay or salary scales, in addition to locality pay adjustments, for civilian federal employees and related groups.…

Congressional leaders have passed a circa $900 billion stimulus plan that includes funding for an approximately 11 week extension (Dec 26th 2020 to March 14th 2021) to federal pandemic programs (PUA, PEUC) and additional supplementary unemployment benefits at $300 FPUC per week for millions of unemployed or underemployed Americans who lost their job or income due…

House democrats, led by Speaker Nancy Pelosi, have passed (208 to 199 on May 15) another stimulus bill in Congress, called the HEROES act, which includes a new round of stimulus check (economic impact) payments of $1,200 per individual and $2,400 for couples. This is the same as the current…

Under the recently enacted $2 trillion Coronavirus stimulus bill (CARES ACT) small business owners have been afforded many provisions to help them stay in business and incentivize them to keep paying bills and their workers. Specifically the Paycheck Protection Program (PPP) has provisions in it to provide forgivable loans for…

This article provides a summary of changes and updates to IRS Federal tax rates and brackets. These adjust annually in line with inflation, under the tax code, to provide for mandatory cost of living adjustments (COLA). You can see the latest updates by year below. 2026 Tax Brackets (for 2027…

The answer is No. According to the IRS website - "The (Stimulus Check) Payment is not income and you will not owe tax on your Payment. It will not reduce your refund or increase the amount you owe when you file your 2020 tax return next year. The will not…