Stimulus money: When are stimulus checks being sent out? Find out if you qualify

You've probably heard that the IRS will be making millions of "economic impact payments" (also known as "recovery rebates") in the coming months to help people stay afloat during this time of economic uncertainty related to the COVID-19 pandemic. Here's what you need to know about this program.Amount of Payment: The IRS will soon begin making payme...
Continue reading
  543 Hits
543 Hits

Find out if you qualify for the 2020 IRS recovery rebate check.

The Senate unanimously passed a $2 trillion dollar stimulus deal also known as the CARES ACT late last night. The highlight of this package deal includes individual rebate checks to many Americans. The biggest questions now are 1. How will it work? and 2. When should I expect to receive my check?How much money will I receive?The Senate stimulus bil...
Continue reading
  1871 Hits
1871 Hits

Important changes to your tax filings and payments due to Coronavirus

Extension Date for Tax Filings and Payments On Friday, March 20, 2020, U.S. Secretary of Treasury Steven Mnuchin announced the extension of tax payments to July 15th, 2020. With this postponement, you will not accrue any interest or deal with penalties on tax payments until July 16th.The postponement of payment is up to $1 million for individuals a...
Continue reading
  584 Hits
584 Hits

Retirement Planning: Why it's not so bad to be a Resident of New York after all

As residents of Westchester County there are many options for assisted living and nursing home facilities in nearby CT. However, there are tax reasons you may want your loved one to reside in New York. In New York all Social Security Benefits are subtracted in arriving a taxable income. CT taxes a large portion of the benefits. New York has a $20,0...
Continue reading
  589 Hits
589 Hits
SCROLL TO TOP