An Introduction to Structured Notes
An Introduction to Structured Notes
Understanding Structured Notes
Understanding Structured Notes Whitepaper_1
Payments for the new $3,000 child tax credit start July 15
The IRS is set to begin advanced payments of the enhanced child tax credit (CTC) on July 15, and 88% of families with children in the U.S. will get the benefit automatically, the agency recently announced. The enhanced credit, a component of President Joe Biden’s American Rescue Plan (ARP), increases the existing tax benefit eligible [...]
IRS begins correcting tax returns for unemployment compensation income exclusion
The Internal Revenue Service will begin issuing refunds this week to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted American Rescue Plan later excluded from taxable income. The IRS identified over 10 million taxpayers who filed their tax returns prior to the American Rescue Plan of 2021 becoming law in March and [...]
Advance Child Tax Credit Payments in 2021
There have been important changes to the Child Tax Credit that will help many families receive advance payments starting this summer. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only.The expanded credit means:The credit amounts will increase for many taxpayers.The credit for qualifying children is [...]
Eligible Paycheck Protection Program expenses now deductible
The IRS offers guidance on the Revenue Ruling now allowing PPP deductions. Read more directly from the IRS.
How to start your journey toward financial independence
Are you looking to become financially independent soon?Regardless of what state your finances are currently in or how your career has been progressing, true financial freedom is something that appeals to all of us. Who wouldn’t want the ability to choose when and where you work rather than being forced to work out of need?Retirement [...]
401(K) Loan changes with the CARES Act
The CARES Act and 401(k) loans (and other defined contribution plans) What changed: Many 401(k)s and other defined contribution plans allow participants to take out a plan loan of up to $50,000 or half of their own vested account balance. Typically, loans are then repaid over a five-year period through payroll deductions. The CARES Act made [...]
CARES ACT HIGHLIGHTS
THE CARES ACT - "Coronavirus Aid, Relief, and. Economic Security Act" offers relief for many Americans. Here are some highlights of the act. In upcoming weeks, I will send specifics on the key laws may be able to help you. Click this link to read more: CARES Act Stimulus Package Highlights I will be available [...]
Things to know this year…
Things to know this year... 1. If you are paying alimony we will need the date of your separation/ divorce agreement, the recieving party's scoial security number, and the amount you are paying. 2. If you are recieving alimony we will need the date of your separation/ divorce agreement and the amount recieving. 3. There [...]