How to apply Unemployment Benefits? What is the amount that I can get?
March 30 update: New federal law allows states to extend benefits to self-employed and gig workers, and to provide an extra $600 per week as well as an additional 13 weeks of benefits.
Normally, taxes are due by April 15 every year, unless that date falls out on a weekend or holiday, in which case it's pushed back a number of days. However, due to the impact of COVID-19, the White House declared to change the tax deadline and announced some changes based on this global-illness disaster.
Franchise Tax Board Extends Filing and Payment Deadlines to June 15, 2020
The CA FTB has issued a press release extending tax filing and payment deadlines that occur between March 15, 2020 and June 15, 2020. The new filing and payment deadline is June 15, 2020 for taxpayers affected by the COVID-19 pandemic.
In 1998, the Child Tax Credit (CTC) was available for the public by legislation. This policy started from $400 for each qualifying child. It is used to relief the heavy tax that certain taxpayers with qualified dependents are facing.
How much can you earn from it?
As of today, this policy lifts the amount of credit to a considerable degree:
Knowing where you fall matters a lot when it comes to filing your taxes.
Specifically, if you’re an employee, the company you’re working for is responsible for withholding taxes throughout the year, as well as costs like the employer’s share of Social Security and unemployment taxes. If you’re an independent contractor, you’ll need to be paying quarterly t...
The IRS allows you to deduct a certain amount of medical expenses if you itemize deductions. Qualified medical deductions are expenses you paid during the tax year for yourself, your spouse, or your dependents.
Here is a list of Qualified Medical Deductions that apply to you: