There has been much confusion around whether unemployment benefits under the CARES Act are taxable or not. As an unfortunate surprise to many, the unemployment benefits are indeed taxable.
by CapWayOn December 27, 2020, President Donald Trump signed the $900 billion coronavirus relief bill that included $600 checks to millions of Americans struggling financially amidst the ongoing pandemic.
by CapWayEstate planning is an essential part of creating financial stability. An estate plan helps your family and friends understand your wishes, and it assigns beneficiaries while you are living and after your death.
by CapWayThe earlier you start saving, the more time your money has to grow. Making smart money decisions in your 20's and 30's can make all the difference when you are ready to retire. At an age where you are fresh into your career.
by Nailah HerbertHave you looked at your paycheck and asked yourself, “Where are all these tax deductions going?” Great question, and we are here to give you answers!
by CapWayFind out how federal dollars are being spent.
by CapWayAs the deadline to apply for the Paycheck Protection Program (PPP) loan neared, the news of $130 billion in allocated funds that remain unused promoted the Senate to extend the deadline to apply until August 8, 2020.
by CapWaySixty ($60) billion has been set aside for Community Banks and Smaller Credit Unions with the goal of funneling more money to small, rural, and minority-owned businesses.
by CapWayThe Internal Revenue Service (IRS) has started sending out COVID-19 stimulus checks, also known as the Economic Impact Payment, via direct deposit to millions of Americans. You can now use the IRS portal to "Get My Payment" status.
by CapWayThe federal government passed a $2 trillion stimulus bill to help lift any financial burden off of Americans.
by Nailah HerbertAfter being hired, and on day one of a new job, you will be required to complete a W-4 form. We will discuss tax withholding, gross pay, and net pay.
by CapWayWhether you use a spreadsheet or another form of tracking your spending, you’ll feel more empowered when it comes to your finances and can finally begin to save money for things you want and need when you know exactly where your money is going.
by Lynn DemmonsMany people feel that they don’t have the money or assets available to invest. However, if your job offers a 401(K) or retirement fund, these plans are a great way to start investing in your future.
by Andre Marvray II