global news
How many years of cash should I have in retirement?
Emergency Funds for Retirees Many experts recommend that retired folks keep between six and twelve months of daily living expenses in cash. Some even sugg...
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culture
What is the penalty for taking money out of a mutual fund?
Under the federal tax code, you make an early withdrawal if you sell your shares and access funds before age 59 1/2. In these instances, you typically pay...
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health
Can musicians get Pua?
Can I receive UI? Typically, no. If you are self-employed or an independent contractor and agree with your classification, you should not file a UI claim;...
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education
How much does it cost to make a music CD?
Physical copies of CDs don’t seem to change in price. It’s about $1000 to manufacture 1000 replicated CDs in a jewel case with a one double-sided page ins...
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local updates
Why does the 2020 W-4 look different?
Form W-4, which instructs employers how much tax to withhold, got a makeover for 2020 from the Internal Revenue Service. The redesign reflects changes to ...
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environment
Can you work after military retirement?
Federal law allows active duty military veterans to buy back their active duty time from the FERS system and earn additional credits toward a FERS retirem...
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technology insights
How do I stop being a personal service corporation?
The obvious way to avoid being deemed a Personal Services Corporation is also not really an option for many small corporations: ensure that your corporati...
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global news
Can I deduct home office expenses in 2019?
As a result of the TCJA, for the tax years 2018 through 2025, you cannot deduct home office expenses if you are an employee. The TCJA did not change the h...
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culture
Do state taxes affect your credit score?
Tax bills do not affect your credit scores directly, but if you use credit to pay your taxes or fail to pay your taxes in full, your credit score can be a...
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education
Is there an income threshold for Roth IRA?
If you file taxes as a single person, your Modified Adjusted Gross Income (MAGI) must be under $139,000 for the tax year 2020 and under $140,000 for the t...
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