Patrick L. Riley’s experience during the COVID-19 pandemic highlights the challenges of preparing for emergencies, as an electrical fire destroyed his home and revealed a lapsed insurance policy. His struggle with insurance companies emphasizes the importance of support networks and solid financial planning. This story also questions the adequacy of the standard three to six months of emergency savings for unexpected disasters.
Full Article
The IRS might be dropping $1,400 into your stocking this year
The IRS will be issuing over $2 billion in stimulus payments to Americans who never received their 2021 economic impact payments. Payments of up to $1,400 will be sent to those who qualified but left the recovery rebate credit blank on their 2021 tax return. The IRS Commissioner stated that these payments will be automatic, with no need for taxpayers to file an amended return, and should be received by late January 2025. Full Article
Read more