Here are the key bullet points related to the latest Covid relief bill signed into law by President Trump on December 27, 2020. For Individuals Economic impact payments of $600 for individuals making up to $75,000 per year and $1,200 for married couples making up to $150,000 per year, as well as a $600 payment […]
Earlier this year, Congress passed several aid packages because of the pandemic. Listed below are the highlights that you should be aware of before year-end. Pandemic Unemployment Assistance (PUA) and regular Unemployment Compensation (UC) Both assistance programs are TAXABLE as ordinary income at the Federal level. If you did not have federal taxes withheld or […]