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Tax Breaks

SSI Recipients with Children Can Get a Larger Stimulus Check (But Quick Action is Required)
social security

SSI Recipients with Children Can Get a Larger Stimulus Check (But Quick Action is Required)

An extra $500 per child will be added to stimulus checks for disabled, blind, or elderly Supplemental Security Income recipients who didn't file a 201…
April 27, 2020
Some Veterans Can Get a Bigger Stimulus Check (If They Act Now)
taxes

Some Veterans Can Get a Bigger Stimulus Check (If They Act Now)

If you receive VA benefits and have dependent children, you might be able to boost your stimulus check by $500 or more. But you have to act by May 5.
April 27, 2020
IRS Fixes Stimulus Check Portal (We Hope)
taxes

IRS Fixes Stimulus Check Portal (We Hope)

After three nights of maintenance outages, the IRS says its "Get My Payment" tool is now working better than ever.
April 26, 2020
Where Can I Cash My Stimulus Check? Try Walmart or PayPal
taxes

Where Can I Cash My Stimulus Check? Try Walmart or PayPal

If you don't have a bank account, here are a few check-cashing options to consider when you receive your paper stimulus check in the mail.
April 25, 2020
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Stimulus Check Portal to be Shut Down Evenings for Maintenance
taxes

Stimulus Check Portal to be Shut Down Evenings for Maintenance

With any luck, the IRS will fix the glitches with the "Get My Payment" tool that are preventing people from checking the status of their stimulus paym…
April 24, 2020
What to Do If Your Stimulus Check is For the Wrong Amount
taxes

What to Do If Your Stimulus Check is For the Wrong Amount

A stimulus payment was deposited into your bank account, but it doesn't seem like the right amount. Who do you call?
April 22, 2020
Will You Have to Pay Back Any of Your Stimulus Check?
taxes

Will You Have to Pay Back Any of Your Stimulus Check?

People who, for whatever reason, got a larger stimulus check payment then they expected have been wondering if paybacks will be required. The IRS fina…
April 22, 2020
How to Get a Stimulus Check if You Don't File a Tax Return
taxes

How to Get a Stimulus Check if You Don't File a Tax Return

Economic stimulus payments are generally based on information from 2018 or 2019 tax returns, but non-filers can still get a check. Here's how.
April 21, 2020
Social Security Recipients Will Receive a Stimulus Check Automatically
social security

Social Security Recipients Will Receive a Stimulus Check Automatically

Most people who receive Social Security benefits don't need to file a tax return or provide information to the IRS to get an economic impact payment.
April 20, 2020
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Stimulus Check Alert: Social Security Recipients with Children Must Act Now to Get Extra $500
retirement

Stimulus Check Alert: Social Security Recipients with Children Must Act Now to Get Extra $500

The IRS announced a new deadline for people receiving Social Security benefits who have dependents. Immediate action is required!
April 20, 2020
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Stimulus Check Tracker: What's With the "Payment Status Not Available" Message on the IRS's "Get My Payment" Tool?
social security

Stimulus Check Tracker: What's With the "Payment Status Not Available" Message on the IRS's "Get My Payment" Tool?

A lot of people are frustrated because they can't get any information from the IRS's stimulus payment tracking tool. Here's why.
April 20, 2020
Veterans Receiving VA Benefits Will Automatically Receive Stimulus Checks
social security

Veterans Receiving VA Benefits Will Automatically Receive Stimulus Checks

No action is needed by most VA benefit recipients in order to receive an economic impact payment from the IRS.
April 17, 2020
Working from Home: Can You Claim the Home Office Deduction or Write Off Other Business Expenses on Your 2020 Tax Return?
Tax Breaks

Working from Home: Can You Claim the Home Office Deduction or Write Off Other Business Expenses on Your 2020 Tax Return?

People temporarily telecommuting because of the coronavirus pandemic are wondering if they can get a tax deduction out of it. It depends on your emplo…
April 14, 2020
When Will I Get My Stimulus Check?
taxes

When Will I Get My Stimulus Check?

That's the question on everyone's mind right now. For some people, payments have already arrived. For others, not until September. See when your payme…
April 12, 2020
IRS Provides Additional RMD Relief for Retirees
required minimum distributions (RMDs)

IRS Provides Additional RMD Relief for Retirees

Some seniors who withdrew money from a retirement account in 2020 before RMDs were suspended for the year can still roll the money back into an IRA.
April 10, 2020
Tax Deductions Are Like Hairy Lollipops
taxes

Tax Deductions Are Like Hairy Lollipops

Once you do the math and think through all the implications of a big purchase, you may find that write-offs can sound better than they really are. So,…
April 10, 2020
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7 CARES Act Tax Breaks for Businesses
business

7 CARES Act Tax Breaks for Businesses

While stimulus checks, small business loans and expanded unemployment benefits have gotten the lion's share of media coverage, there are also a number…
April 8, 2020
FAQs About Your Stimulus Check Answered
personal finance

FAQs About Your Stimulus Check Answered

Kiplinger.com tax editor Rocky Mengle joins hosts Sandy Block and Ryan Ermey to break down everything you need to know about your stimulus check. Also…
April 6, 2020
Donate to Charity and Cut Your Tax Bill
retirement

Donate to Charity and Cut Your Tax Bill

There are still ways to donate and cut your tax bill. We give you four.
April 6, 2020
Claim These Tax Deductions Even If You Don’t Itemize
IRAs

Claim These Tax Deductions Even If You Don’t Itemize

One of the biggest changes the 2017 tax reform law brought was a near doubling of the standard deduction.
April 2, 2020
Free Coronavirus Testing and Treatment Won't Affect HSA Deduction
taxes

Free Coronavirus Testing and Treatment Won't Affect HSA Deduction

Anyone with a high-deductible health plan that covers medical expenses related to COVID-19 before plan deductibles have been met can still contribute …
March 26, 2020
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Tax Credits Included in Coronavirus Paid Leave Law
taxes

Tax Credits Included in Coronavirus Paid Leave Law

The Families First Coronavirus Response Act creates tax credits to help employers required to provide sick and family leave benefits and self-employed…
March 26, 2020
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5 States With No State Sales Tax
Tax Breaks

5 States With No State Sales Tax

Alaska, Delaware, Montana, New Hampshire and Oregon do not impose a state sales tax, but that doesn't necessarily make them the best states for low ta…
March 12, 2020
9 States with No Income Tax
state tax

9 States with No Income Tax

If you choose to live in these states, every penny you earn is safe from state income tax. Two of the states do tax some dividends and interest, howev…
March 11, 2020
Retirees, No Tax Deduction for Hobby Losses
retirement

Retirees, No Tax Deduction for Hobby Losses

Business losses are generally deductible on Schedule C of your federal tax return. But there’s a double-edged sword on the taxation of hobby losses.
March 6, 2020
A New Tax Break for Rental Income
retirement

A New Tax Break for Rental Income

Self-employed individuals and owners of S corporations, partnerships and LLCs can now write off 20% of their qualified business income.
March 5, 2020