Coronavirus and Your Money

Your Child Care Tax Credit May Be Bigger on Your 2021 Tax Return
Tax Breaks

Your Child Care Tax Credit May Be Bigger on Your 2021 Tax Return

Many families with young children will get a bigger tax credit for last year's childcare expenses. And more families will qualify for the credit, too.
January 13, 2022
Will You Have to Pay Back Your Child Tax Credit Payments?
Tax Breaks

Will You Have to Pay Back Your Child Tax Credit Payments?

If you got too much money from the IRS, you might have to repay some (or all) of the monthly child tax credit payments you received this year.
December 18, 2021
Child Tax Credit Payment Schedule for 2021
Tax Breaks

Child Tax Credit Payment Schedule for 2021

The IRS sent six monthly child tax credit payments in 2021. Will they send any more in 2022?
December 16, 2021
Last Child Tax Credit Payment in 2021 Sent December 15
Tax Breaks

Last Child Tax Credit Payment in 2021 Sent December 15

The IRS is delivering the last round of monthly child tax credit payments in 2021.
December 15, 2021
Taxes on Unemployment Benefits: A State-by-State Guide
state tax

Taxes on Unemployment Benefits: A State-by-State Guide

Don't be surprised by an unexpected state tax bill on your unemployment benefits. Know where unemployment compensation is taxable and where it isn't.
December 13, 2021

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Final Child Tax Credit Payment Opt-Out Deadline is November 29
Tax Breaks

Final Child Tax Credit Payment Opt-Out Deadline is November 29

The due date for opting out of the December 15 monthly child credit payments is almost here. Missing the deadline could cost you in the long run.
November 24, 2021
It Still Pays to Wait to Claim Social Security
Financial Planning

It Still Pays to Wait to Claim Social Security

Despite dire headlines about the Social Security trust fund, you will be better off waiting to collect benefits.
November 23, 2021
The Return of Student Loan Payments
Paying for College

The Return of Student Loan Payments

A pandemic reprieve on student loan payments ends in January. If you still need financial help, there are steps you can take.
November 22, 2021
Child Tax Credit 2022: How Next Year's Credit Could Be Different
Tax Breaks

Child Tax Credit 2022: How Next Year's Credit Could Be Different

President Biden wants to extend the enhancements made to the 2021 child tax credit – but with some important differences.
November 19, 2021
Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return
Tax Breaks

Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return

Eligible educators can write off expenses for COVID-19 protective items that help stop the spread of the virus in the classroom.
November 17, 2021
Child Tax Credit Payment Deadline: Get Up to $1,800 Per Child If You Act Today
Tax Breaks

Child Tax Credit Payment Deadline: Get Up to $1,800 Per Child If You Act Today

There's only a few hours left for people who normally don't need to file a tax return to sign up for an advance child tax credit payment.
November 15, 2021
Your Final Child Tax Credit Payment Can Be Adjusted for Income Changes (But There's a Deadline)
Tax Breaks

Your Final Child Tax Credit Payment Can Be Adjusted for Income Changes (But There's a Deadline)

If your income has gone up or down this year, consider adjusting your final monthly child tax credit payment. But you need to act soon.
November 13, 2021
The IRS Just Sent More Unemployment Tax Refund Checks
Coronavirus and Your Money

The IRS Just Sent More Unemployment Tax Refund Checks

With the latest batch, Uncle Sam has now sent tax refunds to over 11 million Americans for the $10,200 unemployment compensation tax exemption.
November 13, 2021
How and When to Opt-Out of Monthly Child Tax Credit Payments
Tax Breaks

How and When to Opt-Out of Monthly Child Tax Credit Payments

If you want to stop advance payments of the 2021 child tax credit, you can opt-out using the IRS's online portal before the monthly deadline.
October 27, 2021
Child Tax Credit Payment Opt-Out Deadline is Today
Tax Breaks

Child Tax Credit Payment Opt-Out Deadline is Today

The October deadline for opting out of the monthly child credit payments has arrived. Use the IRS's Child Tax Credit Update Portal to unenroll.
October 4, 2021
New Platforms for a Comedy Couple
Coronavirus and Your Money

New Platforms for a Comedy Couple

COVID forced them to expand their stand-up repertoire to YouTube and podcasts.
September 30, 2021
Extending Broadband to More Americans
Technology

Extending Broadband to More Americans

The infrastructure bill would provide billions to improve internet access to rural and low-income households.
September 29, 2021
Penalty for the Unvaccinated?
Coronavirus and Your Money

Penalty for the Unvaccinated?

A “yes or no” box to verify your vaccination status could be part of open enrollment for health insurance in the future.
September 29, 2021
The Forces Shaping Retirement in the 2020s
Coronavirus and Your Money

The Forces Shaping Retirement in the 2020s

Gone are the days of retiring with a pension and gold watch. What retirement means has changed significantly and not always for the better.
September 28, 2021
Disability Insurance Can Provide COVID Coverage
Coronavirus and Your Money

Disability Insurance Can Provide COVID Coverage

If you are concerned about long-term complications from COVID-19, consider disability insurance coverage.
September 28, 2021
How to Change Your Address for Monthly Child Tax Credit Payments
Tax Breaks

How to Change Your Address for Monthly Child Tax Credit Payments

If you're receiving paper checks in the mail for your child tax credit payment, you can use the IRS's online portal to update your address.
September 22, 2021
COVID-19 Home Test Kits and PPE are Tax Deductible
Tax Breaks

COVID-19 Home Test Kits and PPE are Tax Deductible

You can also pay for home testing kits and personal protective equipment with FSA and HSA funds.
September 11, 2021
How the Pandemic Is Reshaping Retirement
Making Your Money Last

How the Pandemic Is Reshaping Retirement

Inflation tops health care costs as the biggest concern, and many preretirees are boosting their saving rate.
September 8, 2021
The Pandemic Pet Problem
Coronavirus and Your Money

The Pandemic Pet Problem

Lisa Gretebeck used telemedicine and other creative ways to handle a surge of new cat and dog patients.
August 29, 2021
New Perks at Work, for a Price
Employee Benefits

New Perks at Work, for a Price

The pandemic and an increasingly diverse workforce have led to more benefits options for workers.
August 26, 2021
Financial Fixes to Make after the Pandemic
Coronavirus and Your Money

Financial Fixes to Make after the Pandemic

Now is a good time to reflect on what the COVID-19 pandemic has done to your finances (and surprise, there may be some good news here) and to your pri…
August 26, 2021