The $1.9 trillion COVID-19 relief package will provide tax credits to more than 36 million American families with children. If you’re one of those families, you’ll need to know
how the payments — which will total up $3,600 per child— may affect your tax return. You will want to consult with your tax advisor for the specific details of this tax credit for children under age 18.
As Thanksgiving and other major holidays approach, it’s the time of year where we reflect on our accomplishments and feel grateful for our prosperity. Many of us express that gratitude by making contributions to the causes of our choice. And we find those causes by researching charities that are aligned with our personal beliefs: If we want to help reduce childhood hunger, we may give to a food bank. If we want to help animals, we make a contribution to an animal shelter.
As a parent, you’re constantly teaching your kids all kinds of life lessons. For example, financial education: Kids pay attention when it comes to how you spend and save your money. And the lessons they’re learning now will influence how they handle money as they get older. Opening a bank account for your kids might be an ideal way to teach them about money management. But it’s important to determine the right age to open your child’s bank account.
So you’re leaving your job to pursue new opportunities — congratulations! If you’ve been contributing to a 401(k) in your previous job, you want to make sure you’re safeguarding and optimizing that investment.
You may have had the same credit card for a long time and don’t want to take on the hassle of changing it. Or you may have received an offer without reading the fine print. Even if you suspect you may currently have a credit card that’s not right for you, there’s always an opportunity to switch to a card that supports your financial goals. If you’re wondering how to spot an inferior credit card offer, we’ve outlined some of the most common signs.
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