Month: December 2020

Was it really last May that the House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, which would have authorized (among many other things) a second round of economic impact payments? It’s been, at the very least, a very bumpy road since May, and especially bumpy since President Trump’s surprise
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Regardless of your profession, employment status, or location in the U.S., it’s likely that you’ve been financially impacted by COVID-19 in one way or another. The undeniable hit to our economy has proven more than detrimental for millions, and for some, the changes have forced revisions to how we view our current state and the
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Michael Nagle/Bloomberg via Getty Images Morgan Stanley will repay $1.7 million to customers who paid high costs on investments earmarked for education expenses like college tuition. The brokerage firm is paying the sum, including nearly $1.5 million in restitution plus interest, to about 2,300 customers who are saving money in 529 plans, the Financial Industry
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You heard right – a second stimulus payout is on the way. Late on Dec. 27, President Trump signed the massive COVID-19 relief and government spending bill, which includes a second round of stimulus payments to eligible individuals across the country. To help bring you quickly up to speed, here’s a basic breakdown of the
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The COVID-19 pandemic is changing the face of child care. Formal, licensed child care centers have struggled to stay afloat in the face of rising costs and declining enrollment. Instead, parents increasingly have turned to less formal home-based care, which often has fewer children gathered together. Some families can use the child and dependent care
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             The IRS just released its annual report (FY 2020) on the tax whistleblower program. Unfortunately, the award numbers are a significant change from just two years ago – where the IRS reported a ten-fold increase in whistleblower awards to $312 million for FY 2018. For FY 2020 – the amount of (pre-sequestration) awards to whistleblowers was markedly
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With COVID-19 still wreaking havoc across the globe, the U.S. economy has been shaken. In the United States a record number of people are or were once unemployed due to COVID-related shutdowns. Fortunately, many of those individuals qualified for standard state unemployment benefits, plus the additional federal funds offered as a result of the CARES
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The Federal Reserve Board’s 2019 Survey of Consumer Finances (SCF) helps us understand US wealth disparities prior to the COVID-19 pandemic that has disproportionately harmed Black and Hispanic or Latino households. The SCF is regarded among the most comprehensive data sources on household wealth and it documents significant racial disparities in wealth and debt over
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aluxum | E+ | Getty Images Sustainable investing incorporates environmental, social and governance considerations. But how exactly do these factors fit into the analytical process, and how do they add value? CNBC consulted with several experts to find out. In general terms, “we look at a company’s business models and where they operate geographically and
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