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Loading Tax News…Optima NewsletterPublished on May 24, 2021
The recently passed $1.9 trillion American Rescue Plan allows qualifying taxpayers who received unemployment during the 2020 tax year to have the first $10,200 of those benefits exempt from their federal income taxes. Read more The IRS has Resumed its U.S. Passport […]
Optima NewsletterPublished on Mar 17, 2021
The newly passed $1.9 trillion Covid relief bill includes $1,400 stimulus checks that will be sent out to qualifying Americans who have been financially struggling due to the ongoing pandemic. However, individuals who have unpaid debts may be at risk of having […]
Optima NewsletterPublished on Feb 22, 2021
Taxpayers can expect to receive a third stimulus check in addition to aid for individuals who are unemployed and facing eviction from their homes. The new Economic Rescue Package would also provide assistance to small businesses, states and local governments and will […]
Optima NewsletterPublished on Jan 21, 2021
The IRS and the Treasury Department have already begun to distribute a second round of stimulus checks to individuals. For those who opted for direct deposit, they can expect to receive their money very soon if they haven’t already. Taxpayers who are […]
Optima NewsletterPublished on Dec 16, 2020
The CARES Act has allowed millions of student loan borrowers to pause their student loans until January 31st. For the time being, loan payments, interest and collections on defaulted federal loans have been put on hold in order to provide financial relief […]
Optima NewsletterPublished on Nov 18, 2020
The ongoing pandemic has caused many Americans to suffer financially due to a loss of jobs and businesses shutting down. Proposals for another coronavirus relief package are currently ongoing and should include another stimulus check distributed out to taxpayers as well as […]
Optima NewsletterPublished on Oct 28, 2020
If you’re out of work due to the coronavirus and in need of money fast, you might want to consider withdrawing from your retirement savings. Taxpayers who have had a negative impact on their finances due to the pandemic should know that […]
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