Guide to Hurricane Ida Tax Relief and Disaster Relief
This year already, there have been numerous extreme weather events that have impacted many Americans. The most recent weather disaster, Hurricane Ida, made landfall as a category 4 storm, slamming directly into southeast Louisiana. Currently, over one million people are without power in the state and there is extensive property damage, some places may be…Read More
New Tax Rules and Changes for 2021 – Everything you need to know
Nobody expected the Spanish Inquisition. With tax season just around the corner, you should know what to expect to avoid moments of shock later on. With so many tax changes set to take effect in 2021, if you plan now – you can save the most money further down the road. Consolidated Appropriation Act While…Read More
Domestic partnership vs. Marriage: Which is best for you?
Only about 70% of Millennials are getting married nowadays, this is significantly lower than any other previous generation. Some of the main reasons for millennials’ decisions not to get married include; not burden their partner with student loan debt or medical debt or not wanting to pay the marriage tax. Instead of traditional marriage, many…Read More
Remote Workers Beware of 2021 Tax Laws
This year over 26% million Americans are working remotely. In response to the pandemic, many people around the world quickly shifted from working at the office to working at home. To adjust to the speed of this transition, many states offered a pandemic-related reprieve that resulted in no tax filing obligations for remote workers. That…Read More
Everything Parents Need About the 2021 Child Care Credit
While the monthly child tax credit payments have gotten more attention, The American Rescue Plan Act (March, 2021) offers increased money at tax time. The Enhanced Child and Dependent Care (ECDC) credit, often confused with the Child Tax Credit, is intended to help parents by providing a boost at tax time to help cover the…Read More
5 Tips for Retirement Planning & Climate Change
During the best of times, planning for retirement is difficult. But now, there is no longer just a concern of prospective financial uncertainty, but also climate change uncertainty. This has left many individuals feeling unsure, to the point of paralized, when it comes to planning for retirement. If thinking about the future and climate change…Read More
The business owners guide to cannabis tax laws.
Roughly 27% of American adults use cannabis products on a monthly basis (2019). In light of its legalized popularity, many small business owners have found great success in the cultivation and sale of marijuana and marijuana-related products. There is a lot of potential revenue in this booming industry. Since the spring of 2021, for example,…Read More
Why Are Millennials Opting for Cohabitation Agreements Over Marriage?
Millennials take a different view of marriage than those that came before them. They are waiting longer to get married and in some cases deciding not to marry at all. In recent years, marriage rates among millennials have dropped to 70%, well below rates for boomers 91%, late boomers 87%, and Gen Xers 82%. The…Read More
Everything you need to know about Cryptocurrency Tax Laws
Over 13% of Americans started investing in cryptocurrency last year, compared to 24% who invest in traditional stock options. The growing popularity of cryptocurrency is starting to attract much attention, especially from the IRS. Prior to this, cryptocurrency sort of lived in this grey area when it came to reporting. As it’s become more mainstream,…Read More
Can carbon tax help save the world?
The infamous carbon tax that has been around for nearly 50 years will soon be laid to rest. Not included in the recent infrastructure bill or other proposed climate policies, Biden has all but killed it. Despite having a large bipartisan support, with 67% of Congress in favor of some type of pricing on carbon…Read More