While salary level is one of the main draws when considering a new job, benefits and perks offered by employers should not be ignored in the decision-making process. Often, benefits may be overlooked, especially from the perspective of a recent college graduate focused on obtaining a high earning job. However, according to the Bureau of […]
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The Biden Administration and congressional representatives have proposed a federal paid Family Medical Leave (PFML) Act. Currently, employers are required to follow the Family and Medical Leave Act (FMLA), which provides employees with twelve weeks of job-protected and unpaid family leave for qualified medical and family reasons. To date two plans have
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The coronavirus pandemic has thrown a curveball into everyone’s lives. Fidelity Investment’s 2021 State of Retirement Planning Study collected information from 1,204 of adult financial decision-makers on how the pandemic has impacted their retirement plans. 82% of Americans say the events of the past year have negatively impacted their retirement plans. 55%
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One of the most valuable tax credits for working parents is the child and dependent care credit. This credit is claimed by millions of people annually and has provided relief on the tax burden faced by many Americans who rely on childcare. The American Rescue Plan Act, the most recent economic stimulus package passed in
Changes to the Child and Dependent Care Credit Read More »
Many student loan borrowers could face an unpleasant surprise on their tax bill this year; they may not be able to claim the student loan interest deduction. Roughly 12 million taxpayers take advantage of this tax break, which allows borrowers to subtract up to $2,500 a year in interest payments they have made on their
Why Student Loan Borrowers Could See a Larger Tax Bill This Year Read More »
Many individuals use investing as one of the primary methods to ensure their future financial success. It can be beneficial to strategically arrange your investments in such a way that provides returns with as minimal of a tax burden as possible. Here are three ways to minimize taxes on your investments. 1. Think Long-Term
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Recent research has found that roughly 81% of the American population owns a smartphone. These devices have countless practical uses; however, not many individuals realize that their smartphones can also save them significant time and money on their taxes. Here are three ways you can utilize your smartphone to your advantage this tax season.
Tools That Can Save Time and Money for Tax Filing Read More »
Women have made immeasurable progress towards equality in the past century. Last year we celebrated the 100th anniversary of the 19th amendment, which gave women the right to vote. This was a pivotal moment in the women’s rights movement and has led to generations of women (and men) fighting for equal representation in the workforce.
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This year tax season could be more challenging than ever. If you are one of the millions of people who worked outside your state of residence, you may be obligated to pay taxes to more than one state. These rules are normally complex and are further complicated by the pandemic. Here is a guide on
Guide to Filing 2020 Taxes If You Worked & Lived in Different States Read More »
Given the unprecedented circumstances of the pandemic, many individuals find themselves in difficult financial situations. Many people lost jobs and are handling the abrupt loss of income. Even those who kept jobs find themselves faced with unexpected expenses, such as paying for childcare or tutors for kids who are falling behind with online schooling. So,
How to Spend Less and Save More in 2021 Read More »
