With the wildfires in the west, hurricanes, and flooding in the southeast and eastern seaboard, we have had several presidentially declared disaster areas this year. Taxpayers in disaster areas are eligible for a variety of tax benefits.
As a business owner, you need to keep up with what is happening with both the government and pandemic and how it affects your business.
Holding more than 10% to 15% of your assets in company stock could upend your retirement strategy if the stock suddenly declines in value.
As a grandparent, if you have custody of your grandchild, you may be eligible for tax breaks.