Plus: Collecting unemployment? There's a catch.
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Unemployment insurance can help keep you afloat until you find a new job, especially with the expanded benefits under the CARES Act. But what you might not realize is that you don’t get to keep all the money you receive. Unless you take steps now to have taxes withheld from those unemployment payments, you’ll be responsible for reporting and paying the taxes yourself. And if you don’t pay enough of that tax bill this year, you could be charged a penalty next year for underpaying your taxes. |
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What you need to know about unemployment and taxes |
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Even though parts of the economy are starting to reopen and we’re learning more about treating COVID-19, we’re a long way off from gaining control over our economic situation. That has some investors worried that a second stock market crash is imminent. We asked experts what they expect to happen. |
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What we might expect from the stock market |
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Many people are attempting their first vegetable gardens in lockdown, either due to boredom or the challenges of shopping during coronavirus. If you’re among them, you should know it’s probably too late to plant certain vegetables if you want to harvest them this summer. We spoke with two expert gardeners who said that right now, Americans should consider planting okra, lettuces, peas, radishes and green beans. Here’s why. |
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Want More Practical Magic? |
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