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While Unemployment Claims Only Slightly Decrease, Next Week's Estimate Is 'Already Bullish'

Weekly jobless claims resumed their downward trend in the week ending February 19, as the advance figure for seasonally adjusted initial claims was 232,000. This represents a decrease of 17,000 from...

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Have you been working from home? SARS has some good news for you!

If you are an employee who has been working from home during lockdown you could be in luck.

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Financial infidelity: Secret bank, savings, credit card accounts could cause tax filing issues for couples

CHICAGO (WLS) -- Valentine's Day is this month and here's a quick tip for couples whose love may be fading when it comes to finances.
According to creditcards.com, 44% of couples are committing what's known as "financial infidelity," which could include hiding a checking, savings or credit card account.
Experts said this can turn into an issue if you're filing tax returns jointly.
Tips:
If you are filing jointly, make sure you both read and sign the return.
Don't ignore mail. The IRS mails each spouse a tax return to protect you - both to the same address. Open it, read it and understand it.

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Collecting unemployment benefits during the pandemic could impact your tax refund

Collecting unemployment benefits during the pandemic could impact your tax refund
Wendi Lane
and last updated 2021-01-28 20:38:02-05
TAMPA, Fla. â As if 2020 wasnât hard enough on our pockets, now tax season is near, and collecting unemployment benefits will impact your filings.
If you received a government stimulus check, tax experts say the good news is you wonât be taxed on it; but if you received unemployment, you may have to pay.
The unemployment benefits that helped so many Americans stay afloat during the pandemic may hurt them this tax season.
Many people rely on a tax refund to help them catch up with bills, but Rob DiMarco, CPA and owner of Tax Artist, says if you received unemployment benefits in 2020 and did not request they withhold taxes, prepare for a lower return and even the possibility of having to pay money in.

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Taxes 2021: Tax filing season delayed until February, IRS says

Thanks to the pandemic and the push to get stimulus payments out quickly, the 2021 federal tax filing season will start a little late this year.
The IRS on Friday said it would begin accepting federal tax returns on February 12. Normally, tax filing season begins in the second half of January, CNN reported.
Pushing it back a few weeks "allows the IRS time to do additional programming and testing of IRS systems following the December 27 tax law changes that provided a second round of Economic Impact Payments and other benefits," the agency said.
The IRS notes, however, that people working with tax software companies, including IRS Free File partners, may prepare their returns now and they will be transmitted to the IRS starting February 12.

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