News
Thursday August 5, 2021
Personal Planner
If at some point in life you have a serious illness, there are a number of planning options that should be...More |
Savvy Living
What types of financial or legal snags should I be aware of when considering remarriage? I am 62 years old and have been seeing a nice man for about a year. We have been talking about getting married, but I want to make sure I understand all the possible consequences beforehand.
Getting remarried later in life can bring about a host of financial and legal issues that are much more complicated than they are for younger couples just starting out. Here are some common problem areas you need to think about, and some tips that can help you solve them.
Estate plan: Getting remarried can have a big impact on your estate plan. Even if your will leaves everything to your kids, in most states,...More |
Washington News
On July 28, 2021, the Internal Revenue Service announced it is continuing to distribute refunds for previously taxed unemployment compensation. The American Rescue Plan Act of 2021 excluded up to $10,200 of 2020 unemployment compensation payments from taxable income. The exclusion applies for individuals and married couples with modified adjusted gross incomes under $150,000.
The latest round of payments will bring the total distributions to 8.7 million refunds with total value over $10 billion.
The IRS has been reprogramming its software to provide the refunds with no action required by taxpayers. As the process continues, the IRS steadily recalculates more complex tax returns. The...More |
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