New Retirement Account Rules in Response to Coronavirus

THE CORONAVIRUS AID, Relief, and Economic Security Act allows retirement account owners to take withdrawals for emergency costs related to the coronavirus pandemic and partially delays the tax consequences. Workers will also be able to initiate bigger 401(k) loans and get a slightly longer repayment period for existing loans. Retirees can delay taking required minimum

T-Mobile customers can now pay their monthly bill using Apple Pay

T-Mobile has been working with Apple Pay for a little while now. It was the first wireless carrier in the United States to offer 3% Daily Cash to customers using Apple Pay to make purchases in its retail stores. Now, it’s bringing those rewards to customers paying their monthly bill and making purchases online. As

Payroll tax cut still far superior to sending checks to every American

There are few measures that will more directly benefit American families struggling through the economic turmoil of the COVID-19 outbreak than an immediate payroll tax cut. “Temporarily cancelling the collection of these taxes will reduce the cost for employers for continuing to pay employees regardless of whether they are working or on sick leave and

Trump administration moves tax filing day to July 15, Mnuchin says

The U.S. is extending the deadline for filing taxes from April 15 to July 15, Treasury Secretary Steven Mnuchin said in a tweet on Friday. The decision gives Americans three months longer than they typically would have to file their taxes. as the coronavirus pandemic forces large swaths of the economy to shut down, threatening