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6 Steps for Financial Spring Cleaning, Pandemic-Style

6 Steps for Financial Spring Cleaning, Pandemic-Style April 22, 2021 3:22 PM Kimberly Palmer Posted: Updated: Getty Images Given the challenges of pandemic life, many financial tasks may have stayed on the back burner this year as we all tried to just make it through each day. At the same time, the pandemic had a big impact on our financial lives, and some money-related to-do’s are likely in order. Now that it’s spring, it’s a good time to conduct a thorough review of your finances and address any neglected areas. Here’s how to spring clean your finances after a year of pandemic living.

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COVID Pandemic Tax Season Tips: What's Taxable and Not This Year

Kimberly Palmer, of Nerdwallet, said tax season is more overwhelming than usual for a lot of people. According to Palmer, here are some of this year s big issues for taxpayers: Stimulus checks. Are they taxable income? The answer is no. Those checks will not impact your taxes. What about unemployment benefits? In general with unemployment benefits, you are paying taxes. You certainly are paying federal taxes and the rules by state vary but good news here in California, we don t pay state taxes on those benefits. Many unemployed workers picked up gig work this year. If you re one of them, heads up that you ll need to file a Schedule C. It can make filing taxes a little more complicated.

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Save on Supplies as Kids Go Back to School in Person

KXLY April 1, 2021 4:26 PM Kimberly Palmer Posted: Updated: Getty Images With many school districts slowly returning to at least some in-person education, parents are experiencing a delayed back-to-school shopping rush. School supply lists also contain new items, such as disinfectant wipes, headphones and masks. However, traditional back-to-school sales are long gone. Thankfully, school supply shopping experts say you can still get great deals outside of the traditional back-to-school shopping season. Here are their best strategies: Set a budget Before making a shopping list, says Christie Whitney, certified financial planner and vice president of investment advice at Rebalance, an investment firm, “You need to have a family budget to begin with … You should be tracking what your family is spending every month and where that money goes.” From there, you can determine how much of the month’s spending can go toward school supplies.

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5 pandemic-driven financial habits worth keeping | News, Sports, Jobs

5 pandemic-driven financial habits worth keeping | News, Sports, Jobs
dailypress.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypress.net Daily Mail and Mail on Sunday newspapers.

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5 pandemic-driven financial habits worth keeping

5 pandemic-driven financial habits worth keeping
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