Stimulus payments are not expected to be sent out until sometime early in 2021. President-elect Joe Biden has pledged support for further financial support to small businesses and individuals when he takes office in January.
Stimulus payments are not expected to be sent out until sometime early in 2021. President-elect Joe Biden has pledged support for further financial support to small businesses and individuals when he takes office in January.
Employees who have been working from home during the pandemic may face a surprise when they file their 2020 tax returns if their home is in a different state from the employer’s location.
Even if you aren’t itemizing your deductions for 2020, the CARES Act will allow you to deduct $300 of cash contributions to charities when you file your tax return in 2021.