LSB @LSBCFP
Bethesda, MD Joined November 2016-
Tweets117
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Followers31
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Following86
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Likes17
Happy Opening Day! Growing up an Orioles fan in Baltimore, Opening Day was always full of hope - clean slate, "maybe this year!" Baseball fan or not, enjoy the sentiment!
Changes to how grandparent support impacts or does not impact financial aid - good info from Lynn O'Shaughnessy thecollegesolution.com/how-grandparen…
PSA: Maryland taxes due 7/15 (if not filed/paid already): 2020 taxes and Q1/Q2 estimated tax payments.
If you live and work in Washington state, you'll soon be impacted by a new payroll tax related to long-term care. You can apply to opt out if you have private long-term care insurance before Nov. 1. Happy to discuss your specific situation.
Congratulations, Class of 2021! thebalance.com/the-best-finan…
PSA: While the IRS has extended 2020 filing to May 17, they have *NOT* changed the due date for Q1 2021 Estimated Tax payments - those are still due April 15. Some states have extended deadlines for estimated payments, others haven't. Let me know if I can help.
If your business took a PPP loan, a really handy map of state that do/do not tax forgiven PPP loans. taxfoundation.org/state-tax-forg…
Under the American Rescue Plan Act, Americans with children under 18 may start receiving a portion of the $3,000 child tax credit as early as this summer. Reach out if you have questions about your family’s situation. cnbc.com/2021/03/10/who…
Pandemic legislation, such as the CARES Act and Families First Coronavirus Response Act, include potential tax breaks for people who are self-employed. Let’s have a conversation with your tax professional about what you can do before you file. marketwatch.com/story/if-youre…
Heads up: If you received unemployment last year, the ARA of 2021 potentially changes your tax situation. The IRS just issued a notification to wait for further guidance if you've already filed Please spread to those who might find this helpful irs.gov/newsroom/irs-s…
Taken by a colleague in the office today. I'm glad to be working from home and glad you aren't coming to the office today either! Wherever you are, be safe!
Remember: Tax day is now July 15. If you have questions about your income taxes, I can help, along with your tax professional. cnbc.com/2020/06/12/tax…
Important: New guidelines from the IRS will allow for mid-year adjustments to certain workplace benefits. cnbc.com/2020/05/14/irs…
The May Treasury bond auction is complete, which is used as the annual benchmark for Federal student loans for the next year. Direct Undergrad loans for 2020-2021 will be 2.75%, down from 4.53% in 2019-20. (PLUS and Grad loans are a bit higher) cnn.com/2020/05/13/suc…
Regarding CARES Act payments: if your 2019 AGI would put you above the payment threshold, but 2018 would have you under, consider NOT FILING 2019 until AFTER you receive the payments. You have until 7/15/2020 to file for 2019. Happy to discuss your situation privately.
As a reminder - Federal taxes for 2019 are not due until 7/15. This means filing AND payments for 2019. In addition, Q1 estimated payments are due 7/15. Check with your state for specifics on their deadlines. MD has harmonized with the Federal dates. marylandtaxes.gov/media/2020/Due…
I agree with all of these, especially #10 :) forbes.com/sites/peterlaz…
If you’re changing your Medicare coverage during open enrollment and you plan to travel outside the U.S. next year, make sure you know whether your insurance will go with you. cnbc.com/2019/11/01/con…
Hot off the IRS presses: 401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500
The Dow Jones industrial average hit a record Monday, buoyed by renewed optimism about a trade deal. usatoday.com/story/money/20…
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