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Medicare open enrollment 2021: Choose wisely

Every year, seniors on Medicare are faced with the task of examining their Medicare coverage and making important decisions. Those who think that Medicare is a one-time enrollment, which then...
For many households, the child tax credit payments will provide much needed help in paying for core household needs. (Dreamstime/TNS)

What to know about the 2021 child tax credit

More money is on the way to millions of American families with children. Here is the basic information you should know about it. The child tax credit is not new...
NOT GIVING OUT 1099S | If you're a business owner who uses independent contractors, they can still report their income, even if you don't give a 1099. But as a business, if you fail to distribute 1099 forms, your penalties can be anywhere from $25 to $270 per form. If you intentionally disregard the form requirement, your penalty will be $550 per form with no maximum. Contractors who fail to report their 1099 income will receive a penalty of 20% of their underpayment.

A brief history of taxes

The Internal Revenue Service has postponed the deadline for filing income taxes for 2020 to May 17, giving Americans a chance to avoid this unpopular topic for an extra month....
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Terry Savage: Revenge of the nerds

With a bit of detached amusement, I watched the outrageous price gyrations of some stocks that many had written off as almost total losers. Whether it was GameStop's collection of...
The U.S. Treasury Department building in Washington, D.C. (Chuck Myers/TNS)

Terry Savage: Will inflation ever return?

Inflation is a distant memory to a generation of investors and consumers. But 40 years ago, as the Fed created money to offset government spending on the Great Society and...
The U.S. Treasury Department building in Washington, D.C., on Aug. 22, 2013. Most Americans will receive their stimulus check automatically from the U.S. Treasury via mail or direct deposit. (Chuck Myers/TNS)

Terry Savage: Getting your stimulus check

The second round of stimulus checks is in motion. If you haven't received yours, here's what you can do to make sure you do — and what to do if...