Wednesday, December 2, 2020
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You don’t have to catch the virus to get harmed by COVID-19. As soon as the pandemic hit, scams arose to take advantage of people’s fears.In 2020, Americans have made nearly 250,000 reports of COVID-related scams to the Federal Trade Commission, totaling $170 million in losses. Online shopping and travel scams have been the top two areas of...
A pink slip can be a traumatic experience but losing your employer-provided health insurance is nothing short of devastating. Since the coronavirus pandemic erupted in early 2020, tens of millions of workers lost both a paycheck and health coverage, hitting them with a double whammy of financial hardship from COVID-19.America is among very few advanced nations that relies...
Your company sent everyone home when the pandemic began last March and now that is your workplace so you’re probably wondering if that means you’re eligible for some serious tax breaks when you file next April 15.Or maybe the COVID-19 crisis made your job disappear altogether, so you entered the gig economy and created a home office to...
There has been much talk this campaign year about a “Wealth Tax” and whether it would impact the wallets of middle and lower-income America, even if its name doesn’t.Rest easy. You need a net worth of at least $16 million to have any of the published proposals impact your tax filing next April and there aren’t any middle...
The gap between the presidential candidates on tax programs is Grand Canyon-esque.And that may understate it.President Donald Trump wants to continue the 2017 tax cut, which his campaign claims led to investments that were responsible for lowering unemployment to 3.5% before the pandemic hit. Critics contend the tax cut ballooned the deficit and gave most of its benefits...
Americans were already struggling with medical debt before the COVID-19 pandemic, and, largely because of record-setting unemployment in the last six months, the issue is expected to get worse.About one million people a week lost their jobs from March through September and many of them lost their health insurance at the same time. An August study by consumer...
The COVID-19 pandemic has created record unemployment, erased profit margins, closed businesses and wreaked havoc on almost every family’s money outlook. It has even affected America’s ultimate get-out-of-jail financial symbol — the credit card.How’s the credit-card business? In a word — uneven.How Americans Are Handling Debt & Credit Cards During the PandemicConsumers are carrying smaller balances and applying...
Many American businesses are disregarding President Trump’s order allowing them to temporarily stop withholding Social Security taxes from their employees’ paychecks. The plan, they say, is confusing and won’t produce real savings for their companies or their workers.Trump signed an executive order Aug. 8 that would allow employers to defer withholding most of what are called payroll taxes...
Jon Stewart stands up for those who have put their lives on the line for their fellow Americans. The former Daily Show host has been an outspoken advocate for protections and compensation for the first responders mobilized during the terrorist attacks of Sept. 11, 2001. Stewart addressed congress with an emotional plea, demanding US leaders address the serious health...
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