Refunds for $10,200 unemployment tax break start in May

Normally when you receive unemployment compensation the full amount is considered taxable income, but the rules are different this year.  The American Rescue Plan included a new unemployment...

Tips for traveling safely during Covid-19

After being stuck at home for the last year, you’re probably anxious to take a vacation.  However, the CDC recommends holding off until you’re fully vaccinated.  This is defined as 2 weeks...

3 types of debts to avoid at all costs

Most people have some form of debt whether it’s a car, mortgage, etc.  As long as you’re making your monthly payments on time, it’s not a big deal.  It can even help build credit history...

What to know about coronavirus unemployment benefits

The latest relief bill has expanded the unemployment benefits for millions of Americans who have been out of work since the pandemic began.  Self-employed workers and independent contractors...

Special enrollment period for health insurance extended to August 15th

Still need health insurance for 2021?  Well, you’re in luck.  The Special Enrollment Period has been extended to August 15th due to COVID-19.  This is your chance to enroll in a new...

Does the IRS Owe You Money?

The Internal Revenue Service may have money for you. Was your income below the limit that requires you to file a tax return? If so, you may still be due a refund. If you have not filed a prior year tax return and are due a refund, you should consider filing the return to claim that...

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Five Tax Tips for Recently Married Taxpayers

Are you getting married this summer? If you recently got married or are planning a wedding, the last thing on your mind is taxes. However, there are some important steps you need to take to avoid stress at tax time. Here are five tips from the IRS for newlyweds to keep in mind....

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Keeping Good Records Reduces Stress at Tax Time

You may not be thinking about your tax return right now, but summer is a great time to start planning for next year and to make sure your records are organized. Maintaining good records now can make filing your return a lot easier and it will help you remember transactions you made...

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Seven Facts about the Nonbusiness Energy Property Credit

Thinking about making some energy saving improvements to your home this summer? Taking some energy saving steps now may lead to bigger tax savings next year. The Nonbusiness Energy Property Credit, a tax credit for making energy efficient improvements to homes was increased as part...

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Unplug your computer energy costs

Computer energy use is the secret culprit behind outrageous electric bills at almost any modern home or business office. Most computers waste nearly half the power they draw, putting a strain on cooling fans and your wallet without doing diddly for applications. In 2004 alone, U.S....

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Forgotten US savings bonds can be pleasant surprise

Wouldn't it be nice if we suddenly found enough cash on the sidewalk to pay our expenses or pay off a bill? Chances are, you won't find enough pennies on the ground, but if you look elsewhere you may find some cash you didn't think you had. While the government does a good job of...

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Prepaying won't always save money

Determining whether it's good or bad to buy a prepaid item depends entirely on what's being offered. There's no universal advice or rule of thumb. Here's a guide to some of the common forms of prepaid offers consumers might encounter, separated into whether you should consider...

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Students face more responsibilities with budgeting away from home

Parents across the region are preparing, many for the first time, to send their kids off to college. But before they do, they should remember to have "the talk" -- not about sex, but rather finances, according to Tony Walker of Walker Financial Services. "(Last week), we talked over...

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