If like many business owners across the U.S. you relied on a loan from the Paycheck Protection Program to keep your business afloat during the COVID-19 pandemic, you were certainly glad to have this financial assistance. However, when the time comes for you to file your taxes, you may have many questions as to your tax obligation regarding your loan. Since most tax issues are quite complex, the PPP loan only makes things a bit more muddled and confusing. To make sure you have a good understanding of your state and federal tax obligation for your PPP loan, here’s what you need to know.
With tuition rates and fees going up every year, seeing your child graduate with their college degree may sometimes feel like an impossible dream. However, it doesn’t have to be like this. In fact, if you start planning early on and explore various options, you may find that paying for your child’s education may be easier than you expected. To make sure the money is there when it’s time for your child to start college, here are a few savvy money moves for your consideration.
When the golden years approach, many soon-to-be retirees start looking for better horizons. A higher quality of life often means relocating to a new state. When it comes time for you to retire, you may get the relocation bug, like many other retirees before you. While a considerable number of retirees stay right where they are, thousands of retirees decide to up stakes and move. There are many reasons why retirees move. They include:
You may have noticed a lot of talk lately about something called, “universal basic income.” The increase in online chatter about universal basic income, or UBI, is likely connected to the government handing out stimulus money during the pandemic.