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For Gig Workers and Business Owners, Taxes Are Even Trickier Now

For Gig Workers and Business Owners, Taxes Are Even Trickier Now
Filing taxes has never been simple for freelancers and business owners, but the pandemic has made it far more complex.
Credit.Party of One Studio
Tax time is always complicated for freelancers and business owners, but this year, it’s especially swampy.
Pandemic relief programs that helped small companies and self-employed individuals created new tax challenges. And many people had unusually jumbled patchworks of jobs and income sources last year.
“I’m kind of scared,” said Celeste Holcomb, an artist and designer. In 2020, her income included book royalties; fees for illustration, design jobs and work done through a gig platform; wages from a contract job at a university publisher; and, for several months, unemployment benefits. Ms. Holcomb, who plans to do her taxes herself, expects to spend hours wading through records and tax documents to figure out what she owes. ....

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COVID-19 Cafeteria Plan Relief: IRS Clears the Mud

COVID-19 Cafeteria Plan Relief: IRS Clears the Mud
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How the Federal Reserve Affects Inequality - The New York Times

How the Federal Reserve Affects Inequality - The New York Times
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Biden Plans Messaging Blitz to Sell Economic Aid Plan

Drawing on a lesson from early in the Obama administration, the White House wants to tell voters how the legislation will help them and keep Republicans from defining it on their terms. ....

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American Rescue Plan Includes 100% Coverage Of COBRA Health Premiums - Central Florida News - Health - Health WMFE

Wednesday, March 10, 2021
by Abe Aboraya (WMFE)
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The $1.9 trillion dollar American Rescue Plan includes a provision where 100 percent of COBRA premiums will be covered in the next six months for those who lose their jobs. (Kevin McCoy, WikiMedia)
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The $1.9 trillion dollar American Rescue Plan, on its way to becoming law, contains several provisions that could make it easier Floridians who lost their job to keep health insurance during a pandemic. ....

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