What Affects Taxes

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Income Tax Deductions for Gig Workers – Things You Need to Know

So far 2020 has been a year of many unexpected challenges with Covid-19. Many individuals have explored news side jobs and investments as a way to supplement their income. In this article, we take a look at income tax deductions for gig workers in the new “shared economy”. On-demand entrepreneurs (aka “gig workers”) offer a …

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Pay Your Tax Now

Can’t Pay Your Taxes Due to COVID-19?

As the tax deadline for the 2019 filing year quickly approaches, many Americans who have lost income during the COVID-19 pandemic are in a difficult situation. Taxes are due on July 5, 2020, and the additional unemployment benefits are about to expire at the end of July. Many Americans fear if they pay all their taxes they will not be able to provide for their family.

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The Cares Act

The COVID-19 virus sweeping throughout the nation has put many Americans’ finances in jeopardy. The government has passed the Cares Act to help individuals through this challenging time. Since most workplaces in Pennsylvania are closed, it is important to know the details of the relief plan. How Much Individuals Will Receive At its base, the …

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Saving for Retirement: 401Ks, IRAs, and Social Security

Saving for retirement is getting just a little bit easier in 2019.  As the cost of living increases, the IRS has announced higher contribution limits to 401Ks and IRAs.  These changes attempt to mirror the rise in cost of living expenses.  Technical guidelines are many and can be found in Notice 2018-83.  The major highlights …

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