How to Find the Amount You Get Back from Taxes
The average American gets back over $2,000 a year as a federal income tax refund, which they appreciate. Many Americans like getting a large refund and consider it their de facto savings account. Some purposely claim zero on their W-4 forms so that they will get back a larger refund. Of course, financial advisors suggest you don’t do this because you’re essentially giving the government an interest-free...
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What You Should Know About The Payroll Tax
What is the payroll tax? There are those who have no opinions on these taxes at all, while some employers argue the taxes are a burden to small businesses. Some describe payroll taxes as “an ambiguous penalty for hiring someone” while others describe specific details of the payroll tax such as the funding of Social Security and Medicare as being important parts of the American economic infrastructure.
Social...
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COVID-19 Relief Resources For Small Business Owners
Are you a small business owner who was affected by coronavirus lockdown requirements? The Small Business Administration was suddenly thrust into the limelight during the earliest weeks of the COVID-19 pandemic in America and much has been made of the Paycheck Protection Program (PPP) and other measures drafted as part of the economic stimulus effort to shore up the U.S. economy.
But PPP isn’t the...
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Tax Scams And Government Impostor Schemes During COVID-19
Have you encountered scams during COVID-19?
In any emergency, a certain number of bottom-feeding scammers come out of the woodwork to cheat hurting people out of relief money, mortgages, and more. In the age of coronavirus relief, financial bailouts, and government stimulus checks, it’s important to be vigilant about your personal data and how you respond to unsolicited calls, texts, social media...
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Is Monthly SSDI Enough To Make Ends Meet?
Is monthly SSDI enough to make ends meet? To start, it’s important to know what SSDI is and how it differs from a similar program called SSI.
Social Security Disability (SSDI) and Supplemental Security Income (SSI) differ in some fairly important ways. According to the official site, SSDI “pays benefits to you and certain family members if you worked long enough and paid Social Security taxes”.
Adult...
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