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Economic News
The economy plays a huge role in our financial lives, and learning about it can help you make intelligent financial decisions for your future. Get up to speed on current events here. For news on the economy, employment numbers, the stock market, and markets across the world, we’ll walk you through the biggest headlines—and what they might mean for you. Our tax support specialists will make sure you have every answer you may need. For other questions about your taxes, just get in touch through our live chat feature, located to the bottom right of your screen – or by clicking here.
Category: Economic News
Jul
15
Will You Receive Child Tax Credit Payments?
They’re finally here. Child Tax Credit payments begin going out today, July 15, to eligible taxpayers across the United States. And if you’re one of the qualified individuals expecting to receive a payment, you may have some questions. Indeed, fo...
Feb
15
“Do I Have to Pay Taxes on Stimulus Payments?”
The start of tax season in 2021 marks the beginning of one of the most complex tax filing seasons in most tax filers’ lifetimes. While we hope your income and finances went unaffected in 2020, we know that wasn’t the reality for millions. A host ...
Aug
30
Trump’s Payroll Tax Cut, Explained
In 2020, economic news probably falls just behind health news at the forefront of most people’s day-to-day lives. It’s hard to ignore everything going on right now, from a pandemic to a public health crisis. However, while some of these events ha...
Mar
31
Coronavirus Tax Relief: Everything We Know
As the United States begins what could be a months-longs process of combating and reducing the spread of COVID-19, also known as the Coronavirus, the toll that the virus is expected to take is hard to estimate with accurately. But aside from the very...
May
24
Tax Scam: Did I Get Scammed by TurboTax?
If you’re like most people, you probably don’t think too much about taxes until tax season rolls around. Or until you hear about a tax scam. Whether that’s organizing your receipts or placing your tax documents in a file—when you’ve finally...
Jun
30
Are You Going to Get Hit By a Surprise Tax Bill This Year?
Even if you’ve worked to get your taxes just right in previous years, changes in the tax law could mean big changes in what you owe. That may hold true even if your job and personal situation haven’t changed. That could mean a surprise ta...
Apr
02
Own Property? This Is How the Tax Plan Affects You
As a property owner, you’ve likely done your fair share of research on how to best navigate the tax code. Now that the tax code has been updated, you’re probably wondering what the new changes mean when you own property. Let’s reassess your gam...
Feb
23
When Do You Have to File Income Taxes in Another State?
If you commute across state lines, go on business trips, or do remote work, don’t be surprised by a tax bill from another state. Here are the basics you should know when it’s time to file income taxes in another state. Commuting Across St...
Nov
10
Republican Tax Reform Bill: How Will It Affect You?
Looming republican tax reform has left many taxpayers wondering how and when they’ll feel the effects of the forthcoming bill. Republican lawmakers have just released their $1.5 trillion proposal for the president’s measures under the Tax Cuts an...
Oct
12
Tax Breaks for Hurricane Victims
It has been a particularly devastating season for hurricanes across North America and beyond. People living everywhere from Puerto Rico and the Caribbean to Texas and Florida are just beginning to deal with the devastation brought to their lives, bel...
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