On February 18, 2021, the Internal Revenue Service announced greater flexibility to employee benefit plans offering health flexible spending arrangements (FSAs) or dependent care assistance programs. These plans now have additional discretion in 2021 and 2022 to adjust their programs to help employees
The COVID-19 pandemic has been with us for more than a year and it’s probably no surprise that it is making pre-retirees worry that their long-term retirement savings is not enough for them to retire when they want.
Wall Street bets against companies all the time, thinking that they are overvalued, destined to fail, or both. The reality is that at any given time, the big companies are usually getting a lot of attention from institutional short-sellers.
The themes that drove the markets were positive economic data, talk of another stimulus package and the first COVID vaccines being distributed around the world. Yes, there was more election noise throughout the month, but that played less of a role versus the month before.
On December 29th, the Internal Revenue Service and the Treasury Department announced that the second round of payments was on the way. For those who qualify, the payments are automatic and will be received either by direct deposit or paper checks.
Amidst all the pandemic news and 2020 election drama, many might have missed that the IRS also quietly published new 2021 tax rates in late October and a there are plenty of changes that will impact taxpayers in 2021.