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$1,400 Stimulus Check Gone? You Might Qualify for More Money Soon. As in a child tax credit: The huge boost to parents’ income should help families and the economy, but there are concerns about whether the IRS can handle it given their work on taxes and the third stimulus. Millions of parents across the country are expected to receive additional federal aid this summer from the recently passed $1.9 trillion coronavirus relief package, and it won’t be in the form of a stimulus check. Although talks over a fourth direct payment are in-the-works, lawmakers have sounded the alarm over another...

Channel3000.com Posted: Updated: February 18, 2021 6:53 AM The whole world is watching as Bitcoin and the rest of the cryptocurrency market keep notching new record highs. The Internal Revenue Service (IRS) is watching, too. If you own cryptocurrency, like Bitcoin or Ethereum, you need to understand how it impacts your tax liability every time you buy it, sell it or mine it. What Is Cryptocurrency? A cryptocurrency is a decentralized, digital store of value and medium of exchange. It’s not a currency with any physical tokens, like dollar bills, and it lacks any centralized governmental ov...

WKBT February 12, 2021 10:32 AM David Rodeck - Forbes Advisor Posted: Updated: February 14, 2021 8:42 AM Do you own cryptocurrency? Maybe you bought Bitcoin years ago when it was priced at $100, and decide to take some big profits in 2020. Or perhaps you joined the revolution late and bought some Ethereum, only to turn around and sell it off for a quick buck. Either way, you may owe taxes on your 2020 crypto transactions, and you need to understand how it impacts your tax bill. How Do Cryptocurrency Taxes Work? For better or worse, capital gains tax rules apply to cryptocurrencies l...