Category: Trendy

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

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

Amazon is looking to hire 100,000 employees to keep up with demand

Amazon is looking to hire 100,000 new employees for its warehouse and delivery operations in the U.S. to keep up with demand during the current coronavirus outbreak, the company said today. Workers in its U.S. fulfillment centers will also get an extra $2 per hour through the end of April. Currently, Amazon pays $15 per

T-Mobile Is Offering Free Upgrades to Subscribers Right Now

The spread of the coronavirus isn’t just affecting public health and the global economy; it also impacts internet and cellular networks. With so many people stuck at home and others displaced by travel bans, data usage has risen, bandwidth is clogged, and service is being disrupted all around the world. All the “Big Four” mobile