New Stimulus Package
The Consolidated Appropriations Act, also known as CAA or the “Act”, was signed into law on December 27th to give critical aid to individuals and businesses affected by the pandemic. The new $900 stimulus package provides direct payments to individuals, enhanced unemployment, rental assistance, targeted aid for small businesses, and much more. Here we take…
Read MorePayroll Tax Deferral
On August 8th, 2020, the president signed four executive orders have a direct impact on unemployment insurance benefits, evictions, student loans, and payroll taxes. Here’s a Brief Summary Lost Wages Assistance (LWA) Program- The executive order provides federally funded supplemental unemployment benefits of $300 a week and requires the state to cover an additional supplemental payment…
Read MoreNew Economic Relief Packages Compared
On Monday, July 27 the Senate released their $1 Trillion stimulus package, the Health Economic Assistance Liability Protection, and Schools Act (HEALS Act). This came months after the House of Representatives released their $3 Trillion stimulus package on May 15th, the Health Economic Recovery Omnibus Emergency Solutions Act, (HEROES Act). These two packages are vastly…
Read MoreRMDs Rollover Relief Deadline
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act payment of Required Minimum Distributions (RMDs) from qualified retirement plans and IRAs are waived for 2020. The law was passed in March 2020 when many individuals had already taken out their RMDs. If you’ve already taken out a required minimum distribution (RMD) this year (2020)…
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