An economic relief package was signed by President Trump just over a week ago creating a second round of stimulus checks for many American taxpayers. How much will I be receiving? The max amount per taxpayer is $600, half of the first round’s stimulus payment.  An additional $600 is also included for any dependents under […]

Applications for unemployment benefits have skyrocketed as a result of social distancing requirements and forced closures of businesses.  Thankfully, unemployment compensation benefits were dramatically expanded under the Coronavirus Aid, Relief and Economic Security (or CARES) Act.  These expansions include: Expanded Eligibility for Certain Individuals Under normal circumstances, persons who are self-employed or considered contractors, freelances, “gig” […]

As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress approved a stimulus payment plan that may provide direct cash payments to taxpayers. The stimulus payments are considered advanced rebates of a refundable credit against taxpayer’s 2020 tax return. The recovery rebate advance amounts have been quoted as differing amounts, but we’ll […]

Signed into law on March 27, 2020, the recently passed CARES (Coronavirus Aid, Relief, and Economic Security) Act has created many provisions designed to protect and financially stabilize the millions of Americans who will be impacted by the coronavirus.  One such provision affects the way student loans are treated and the suspension of payment requirements […]