covid-19
Tax Implications of the CARES Act
In a podcast transcript posted at www.forbes.com, Nicole Kaeding, vice president of policy promotion and economist with the National Taxpayers Union Foundation, discusses the CARES Act’s provisions and the tax-related issues related to them with David Stewart, editor in chief of Tax Notes Today…
Explaining “Payroll Taxes” and Who Pays Them
Yahoo Finance contributor Rickie Houston, in a post on their site, examines the composition of “payroll taxes,” a term that has again surfaced in the stream of commentary surrounding the COVID-19 pandemic and its economic implications. Houston’s article defines the term…
Economic Impact Payments – Who Doesn’t Qualify
The economic impact payments signed into law on March 27 as a key part of the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” are scheduled to begin arriving in Americans’ hands soon, but some folks will not qualify. In…
Veterans Get Relief from Debt Collection Concerns During Pandemic
The Department of Veterans Affairs announced yesterday that they plan to suspend collection actions on veteran debts or, if preferred, extend repayment terms on pre-existing VA debts. In a post on connectingvets.radio.com, reporter Abbie Bennett explained that the announcement follows directions…
Economic Impact Payments: What We Know (As of Today)
The most recent press release from the Social Security Administration (SSA) reiterated what is believed to be the current guidance on economic impact payments (a.k.a. stimulus checks) at this point in the unfolding implementation of the Coronavirus Aid, Relief, and Economic Security…
COVID-19 and Your Decision to Claim Social Security Benefits
Those who have been weighing their options for Social Security benefits know that filing early (i.e. before their full retirement age – FRA) will result in a reduction from their FRA benefit. Likewise, they know that deferring their filing beyond…
Medicare and Costs Related to COVID-19
There are quite a few fast-moving parts involved with the evolving coronavirus pandemic, and one of the more frequently asked question areas these days is the handling of costs associated with COVID-19 testing and treatment. To address these questions, the…
Scammer Alert: The Crooks Are Taking Advantage of Coronavirus Hysteria
Even as the U.S. Senate scrambles to construct an appropriate package to combat the coronavirus pandemic’s economic impact, the scammers are busy looking for ways to fleece the unsuspecting. This post by the Federal Trade Commission’s Jennifer Leach leads with this…