Tens of millions of Americans collected unemployment last year, many for the first time. You may be doing taxes after collecting unemployment insurance for the first time, and it is important to note that the process is different in a few key ways from traditional employment. When you start a new job, your employer will
Are Your Taxes Going Up In 2021?
Jan 25 | 2021
The Tax Cuts and Jobs Act of 2017 (TCJA) is the hallmark legislation of the Trump administration, and no American taxpayer was unaffected. But was this legislation a Trojan horse that could lead to you paying higher taxes starting in 2021? The Joint Committee on Taxation released a chart indicating that federal taxes for those
The Federal Funds Rate and How It Affects You
Dec 28 | 2020
Does The Type of Credit Card You Get Really Matter?
Dec 09 | 2020
When you’re evaluating the benefits of one credit card over another, you have a lot of different factors to consider, including fees, rewards, and interest rates. But does the type of credit card you choose matter at all? Is there any real difference between a Visa and a Discover card with the exact same terms?
Boeing Stock Takes Off: Will Its Rise Continue?
Nov 18 | 2020
Shares of Boeing (BA) have continued to climb this month, rising over 33% from their October 30th closing of $144.39, and have continued to climb this week. There are a few key events contributing to this rapid rise in the stock: 1. October’s quarterly report unveiled further job cuts, for the airline as well as
Tesla’s ups and downs have been a roller coaster for investors over the last few years, but Monday’s announcement that the company will be added to the S&P 500 should grab everyone’s attention. Tesla met the criteria to join the exclusive club representing some of the most valuable public companies in the US back in
Is a Flexible Spending Account (FSA) Right for You?
Nov 16 | 2020
During open enrollment or when you start a new job, you may find that your company offers the chance to enroll in a Flexible Spending Account (FSA – registered trademark). It might seem annoying to have money deducted from your paycheck at first, but it can actually save you money on health care expenses in
The Tax Cuts and Jobs Act of 2017 raised the standard deduction for US taxpayers and capped the state and local tax deduction at $10,000. This greatly reduced the number of taxpayers who itemize on their tax return and caused a major reduction in charitable giving. Taxpayers who itemize can reduce their income by the
How Will the Joe Biden Tax Plan Affect Me?
Nov 10 | 2020
With the election of Joe Biden to the Presidency, you’re probably here seeking to understand how much your taxes are going to go up. The answer: most people will see no tax increases. The tax plan that Joe Biden has rolled out is targeted at individuals making more than $400,000 a year, less than 1%