Standard & itemized tax deductions for 2021
Tax year in and tax year out, most folks claim the standard deduction instead of itemizing. The option has always been appealing because it’s easy. There are no receipts to save. Even better, the Internal Revenue Service provides the standard amount you can...
Work from home pros, cons and home office tax tip
Not that calendars matter so much anymore to many of us — including me — who are still coronavirus quarantining. But time measurement and management are still important if you’re working, or trying to, from home. States are in various degrees of...
Higher earners face more payroll taxes in 2021 as Social Security wage base goes to $142,800
The Social Security Administration (SSA) just gave retirees and other recipients of the program’s payments some good news with the announcement of a small hike in their benefits year. Some higher earners, however, aren’t so happy. In the same...
IRS provides tax relief for victims of September wildfires in California; Oct. 15 deadline, other dates extended to Jan. 15
WASHINGTON — Victims of the California wildfires that began on Sept. 4 now have until Jan. 15, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering this relief to any area...
10 ways FSA/HSA funds can help you cope with COVID-19
Life is stressful in the best of times. We definitely are not in the best of times. We’re dealing with a contentious presidential election during a deadly pandemic. Plus, flu season is almost here. Mother Nature keeps whacking us with disasters. Kids are going...Lorem Ipsum is simply dummy text of the printing and typesetting industry. dummy text of the printing Ltting industry.
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