Will I Need to Pay Taxes on My Stimulus Check?
While the state of coronavirus pandemic does not seem to be getting any better, the Internal Revenue Service has sent out well over 150 million stimulus checks as of April 15 – totaling $267 billion.1 Many Americans have already received their checks – even deceased Americans were sent stimulus checks – while millions of others […]
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Effects of 2020 Tax Laws and Policies on Economic Growth and Your Business
The rapid spread of the coronavirus pandemic is causing devastating effects on local and global markets. From disrupting supply chains to threatening the global economy, the COVID-19 virus forces businesses to confront a host of challenges. As tax policy is a section of economic policy, policymakers would respond logically to ensure the reduction of the […]
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COVID-19: How Will the Global Pandemic Affect Your Taxes?
In early 2020, COVID-19 swept the globe, leaving millions of people out of work, including 20.6 million jobs in the United States. The stock market has hit all-time lows, and the country is preparing for an economic recession that experts have warned might be akin to the Great Depression. Taxpayers should be aware of how […]
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5 of the Best Ways to Spend Your Tax Refund
If you’re not self-employed, tax season can mean money in the bank. 74% of Americans receive a tax refund of an average of $3,000, which for most taxpayers, is a significant amount of money. During the COVID-19 crisis, millions of Americans lost their jobs, which means that the tax return might need to be spent […]
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