Monthly Archives: September 2020

Financial Basics: Calculate Your Net Worth

Financial Basics: Calculate Your Net Worth

Whatever your financial goals in life – whether they include buying a new house, taking a trip to Europe, funding your children’s college educations, having enough money fora comfortable retirement, or all of the above -you are more likely to reach your goals if you do some planning. The fact that you are reading this indicates your desire to plan…

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Paying for College can be Less Taxing

Paying for College can be Less Taxing

Parents facing college expenses have several provisions in the tax law to consider. The benefits don’t apply to all, but there is something of interest for many families. Tax credits The American Opportunity Tax Credit is available for certain tuition and fees, and it allows you to reduce taxes annually up to $2,500 per student for four years of college.…

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New Federal Pandemic Benefits Available Via Executive Order

New Federal Pandemic Benefits Available Via Executive Order

Congress continues to debate how to help navigate through the ongoing pandemic. In the meantime many benefits, including Federal Unemployment benefits, have expired. To help address this assistance gap, new Executive orders were signed by President Trump. Here is what you need to know: Federal unemployment benefits The additional $600 weekly Federal employment benefits expired in late July. The executive…

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Protect Your Business From COVID-19 Scams

Protect Your Business From COVID-19 Scams

Financial institutions are raising red flags about suspected fraud surrounding the Small Business Administration’s COVID-19 Economic Injury Disaster Loan (EIDL) program, according to the SBA’s Office of Inspector General. Nearly 440 financial institutions ranging from small, local credit unions to major national institutions are alerting the SBA about suspected fraudulent EIDL loan applications. The IG’s office identified $250 million in…

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