Tips, advice, and the latest news from the savings world.
Last fall, we talked about the payroll tax deferral that affected most military members and many federal employees. The deferral equated to a four-month, 6.2% increase in pay. But the catch was that it was just a temporary boost and needed to be repaid in 2021. Well, the time to repay those taxes has arrived, and here is what you need to know before the first pay period of the year.
The federal government has started sending out the second round of stimulus checks (more formally called Economic Impact Payments). These may be the final round of payments to go out, so having a plan in place is key.
Previously, we’ve told you about things to ask yourself before you spend your stimulus check, and we’ve given you a decision tree to help you make spending choices that are right for your situation. Now we’re giving you ten ideas for this next – and possibly last – payment.