Thursday’s need-to-know money news

Today’s top story: Worrying about the right thing with estate taxes. Also in the news: 3 ways to get socially distanced tax prep this year, 5 sneaky things COVID-19 might do to your tax bill, and new rules for self-employed and gig workers applying for PPP loans.

Worry About the Right Thing With Estate Taxes
Few people pay estate or gift taxes, but many benefit from an inheritance tax break that may be axed.

3 Ways to Get Socially Distanced Tax Prep This Year
Secure portals, drop-off services, and virtual visits can help you work with a tax preparer from a safe distance.

5 Sneaky Things COVID-19 Might Do to Your Tax Bill
Advice from the tax pros.

New rules for self-employed and gig workers applying for PPP loans
What you need to know

Wednesday’s need-to-know money news

Today’s top story: Unwelcome income tax surprises may await those with debt. Also in the news: Knowing what’s in your EFT, 10 factors affecting COVID era travel in 2021, and why home buyers shouldn’t skip the inspection. Unwelcome Tax Surprises May Await Those With Debt Americans carrying debt can also end up owing more taxes […]

Continue reading...

Tuesday’s need-to-know money news

Today’s top story: What free college might actually look like. Also in the news: How to get rid of credit card debt by opening another card, how to fix credit report errors, and how to figure out the size of your next stimulus check. What Free College Might Actually Look Like Separating fact from fiction. […]

Continue reading...

Worry about the right thing with estate taxes

Death and taxes may be the only certainties in life, but death taxes are only a remote possibility for most people. The vast majority of Americans won’t ever have or give away enough to owe estate or gift taxes. Far more people could be affected if a tax break that benefits heirs is eliminated. While […]

Continue reading...

Monday’s need-to-know money news

Today’s top story: No flood insurance? Here’s how to get help. Also in the news: A new episode of the Smart Money podcast about saving on gas and 401(k) limits, 3 ways to get socially distanced tax prep help this year, and how to protect yourself from Facebook and Instagram ad scams. No Flood Insurance? […]

Continue reading...

Q&A: Retirement saving after layoff

Dear Liz: My husband and I are both in our early 50s and have been contributing the full amount to each of our 401(k) plans, plus the catch-up amounts since we turned 50. I was laid off in February 2020 and had only contributed $3,000. I had assumed I’d get a new job quickly, but […]

Continue reading...

Q&A: How to keep your lightly used credit cards from closing

Dear Liz: I had a credit card that didn’t expire until 2024 but the issuer closed my account because it hadn’t been used in a few years. During these difficult times, I didn’t want to get into a lot of debt by using too many cards. The issuer should have let me know this could […]

Continue reading...

Friday’s need-to-know money news

Today’s top story: Smart ways to negotiate your salary in an uncertain economy. Also in the news: Student loan scams are on the rise, 5 things to consider when picking a college in the COVID-19 era, and how to claim retroactive unemployment benefits. Smart Ways to Negotiate Your Salary in an Uncertain Economy If you’re […]

Continue reading...

Thursday’s need-to-know money news

Today’s top story: Why you should stop waiting to sell your home. Also in the news: How to find a Black financial advisor, sharing renters insurance with a roommate, and why you need to start claiming crypto on your taxes. Why You Should Stop Waiting to Sell Your Home Now maybe a good time to […]

Continue reading...

Tuesday’s need-to-know money news

Today’s top story: 5 IRA mistakes you may be making. Also in the news: 8 reasons why an RV is your spring break best friend, the Black homeownership gap, and how to keep your expiring travel reward points. 5 IRA Mistakes You May Be Making It’s OK. We all make mistakes. But here’s how to […]

Continue reading...