Like many Americans, I have been keeping up with the debate and discussion over the Democrats’ American Rescue Plan, which was signed into law by President Joe Biden after its
Why you may want to wait before filing your taxes this year MarketWatch 3/13/2021
TAX GUY
We are well into tax season, and ordinarily I would say it’s time to get serious about filing your 2020 Form 1040 if you’ve not already done so. But so far, 2021 has not been much more ordinary than 2020, the year we would all like to forget. Now, with the expected enactment of the Democrats’ American Rescue Plan (Round 3 of COVID-19 related relief and stimulus) any day now, your 2020 return has become a moving target.
Plus, there are some other tax-saving changes that you may qualify for with your 2020 return. Bottom line: if you’ve not yet filed last year’s return, please wait. You don’t want to have to file an amended 2020 return to collect the tax-saving breaks I’m about to explain. Here goes. Claim tax-free treatment for up to $10,200 of 2020 unemployment benefits
SF spends $61k annually per tent; housing costs much less
City Faces Moment of Truth in Combating Homelessness
The Democrats’ American Rescue Plan provides $32 billion for addressing homelessness and low-income rental assistance. The National Low Income Housing Coalition website which offers a great city and state breakdowns has San Francisco slated to get nearly $19 million in new homeless action grant funds (the Plan also erased the city’s $650 million budget deficit).
The question then emerges: will San Francisco use these new funds to house the unhoused or only seek band aid solutions?
The answer should not be a mystery: city officials have long said that the lack of funds was the only major obstacle to solving widespread homelessness. Now a lot of the necessary funding is here.