Personal Finance

10 Biden tax plans that will sail through a Democratic-controlled Senate, and Congress looks to resume confirmation of Biden victory after protesters storm Capitol

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Personal Finance
10 Biden tax plans that will sail through a Democratic-controlled Senate — and how to prepare for them

Tax Guy weighs in on President-elect Joe Biden’s major tax plans with a Democratic-controlled Senate.

My coworker owns 10 homes, 9 of which are rented. How did he get a stimulus check while I didn’t?

‘I happened to have inherited my mother’s house, so if I don’t qualify, that’s fine. I’m working.’

My elderly father was physically abusive, and will leave his farm to my two sisters. Should I contest his will?

‘He paid $10,000 apiece for my sisters’ weddings, and about the same for their divorces. I got nothing.’

My sister became my late father’s power of attorney, took out a reverse mortgage on his home, and drained his equity. What can I do?

‘She installed a camera and she moved down the street so, if visitors like myself went to his house, she would show up immediately.’

5 reasons musicians like Bob Dylan, Neil Young and Stevie Nicks are selling their song catalogs right now

Young just sold half his songbook, and Dylan recently sold his entire catalog for a reported $300 million

IRS gives one shot at sending out a second $600 stimulus check — here’s what to do if you miss it

The IRS ‘Get My Payment’ tool has one phrase you don’t want to hear.

6 tax moves to consider right now to lower your 2020 tax bill

Tax Guy has more advice on how to slim down your tax bill.

7 ways for small-business owners to cut their tax bills

It’s not too late to save money on your tax bill.

COVID-19 stimulus bill extends several tax breaks, including for medical expenses and college tuition

The legislation would also extend tax credits for solar energy equipment and plug-in electric motorcycles.

Gig workers are eligible for extra unemployment under new stimulus deal — but they must clear one big hurdle first

In an effort to combat fraudulent unemployment insurance claims, gig workers and self-employed workers face an additional hurdle.

Elsewhere on MarketWatch
Congress looks to resume confirmation of Biden victory after protesters storm Capitol building in Washington

Protesters battled police in an armed standoff at the Capitol building.

Biden calls for end to Capitol unrest – ‘enough is enough’

President-elect Joe Biden called for an end to the “siege” of the U.S. Capitol after hundreds of President Trump’s supporters fought with police, broke into the building and forced lawmakers to seek safety.

Watch: Hundreds of Trump supporters storm Capitol Hill, break fences and fight with police

One person was shot, the National Guard was mobilized, and Vice President Pence was rushed out of the Senate chamber as protesters breached the Capitol building.

Democrats win Georgia’s runoff elections, giving their party control of U.S. Senate

Democratic challengers Jon Ossoff and Rev. Raphael Warnock have defeated Georgia’s two incumbent Republican U.S. senators in the state’s runoff elections, the Associated Press projects, in a development that gives their party control of the Senate.

Europe hopes next COVID stimulus will be the last

The attention of governments is turning to the new fiscal effort needed to support the economy until vaccination campaigns succeed in controlling the pandemic.

 

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