Personal Finance

Even as cases of coronavirus rise, restoring in-person education is a top priority for the Biden administration. On his first full day in office, President Joe Biden will use his executive powers to direct the Departments of Education and Health and Human Services to collect national data on school closures and provide guidance on reopening. The executive order,
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Protestors call for McDonald’s Corporation to raise wages to a $15 minimum and allow unionization in Fort Lauderdale, Florida, on May 23, 2019. Joe Raedle / Getty Images With Joe Biden’s inauguration as President of the United States, the country is perhaps closer than ever to a $15 federal minimum wage. In a speech last
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Stefani Reynolds/Bloomberg via Getty Images ‘Potentially erroneous’ QBI deductions The IRS allowed business owners to claim $57 million in “potentially erroneous” deductions on 12,980 tax returns filed last year, according to a report publicly released Tuesday by the Treasury Inspector General for Tax Administration. The watchdog urged the tax agency to increase its oversight of
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In his first days in office, President-elect Joe Biden plans to sign an executive order to reopen schools. However, it’s not just a matter of federal funding. Vaccinating teachers remains one of the biggest hurdles to returning kids to classrooms. As Covid-19 cases spike across the country, the Centers for Disease Control and Prevention have prioritized
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Andrea Herrera, president of Amazing Edibles Gourmet Catering and founder of Boxperience Angela Garbot For Andrea Herrera, founder of Amazing Edibles Catering in Chicago, the pandemic has tested her ability to adapt on the fly amid falling revenues.              Since last March, the firm shifted from catering weddings and corporate events to providing first-responder meals and
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Getty Images Tax season is swiftly approaching, and after the roller coaster of 2020, this might be the year to get extra help filing your return. The coronavirus pandemic saw many changes to the tax code that could impact filers who generally would have had a straightforward return, potentially complicating your return. “For the average
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Jovita Carranza, administrator of the U.S. Small Business Administration, testifies at a Senate Small Business and Entrepreneurship Committee hearing on June 10, 2020 in Washington. Al Drago-Pool/Getty Images) Second EIDL grants That may confuse business owners, since the $900 billion Covid relief package passed last month allows some companies to get a second EIDL grant.
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U.S. President-elect Joe Biden jokingly thanks voters for Georgia certifying his victory three times as he campaigns on behalf of Democratic U.S. Senate candidates from Georgia Jon Ossoff and Raphael Warnock, ahead of their January 5 run-off elections, during a drive-in campaign rally in Atlanta, Georgia, January 4, 2021. Jonathan Ernst | Reuters The push
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Igor Golovniov/SOPA Images/LightRocket via Getty Images The programs include Pandemic Unemployment Assistance, for self-employed, gig and other workers who don’t qualify for state benefits, and Pandemic Emergency Unemployment Compensation, for those who deplete their standard allotment of state aid. The programs, created by the CARES Act, lapsed the day after Christmas. The new $900 billion
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Andy Beshear, governor of Kentucky Scotty Perry/Bloomberg via Getty Images Kentucky is sending $400 checks to thousands of unemployed workers in the state who didn’t qualify for an earlier round of relief authorized by President Donald Trump. Other workers whose jobless benefits have been significantly delayed will get $1,000 one-time payments. Gov. Andy Beshear signed
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Hundreds of jobless people wait outside the Kentucky Career Center for help with their unemployment claims on June 19 in Frankfort, Kentucky. John Sommers II/Getty Images As President-elect Joe Biden prepares to take office on Jan. 20, one of his first priorities is getting $2,000 stimulus checks approved. A third round of higher payments looked
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The U.S. Department of Labor headquarters in Washington. Al Drago/Bloomberg via Getty Images Automatic benefits Many workers will get the aid automatically, according to communications from federal and state labor departments. For example, workers don’t need to apply or take additional action to get the $300-a-week enhancement. States will include the stipend in individuals’ typical
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