February 2021

While lawmakers have yet to agree on the details of another coronavirus relief program, new $ 1,400 stimulus checks are expected to be included. For many Americans, eligibility for these relief payments can come down to one number you…

(CNN) - Paying taxes can be a chore. But that's all the more true when you wonder what exactly you're being asked, how income tax actually works, and what some common tax terms mean.To help you out, here's a guide to…

Tax season is upon us again as Americans must declare annual tax returns with the IRS. However, this year is a little different with new terms, new payouts and even bigger consequences. The federal government has issued trillions of…

Self-employed Canadians who have obtained the Canada Emergency Benefit (CEP) based on their gross income will have nothing to reimburse, Prime Minister Justin Trudeau said on Tuesday. The news will come as a relief to many who applied for…

Net income versus adjusted gross income (AGI): an overview All income starts with gross income, which is the total of all the money you make in a year. This includes wages, salaries, bonuses, capital gains, and interest…

On Friday morning, the Senate voted in favor of a budget resolution that will pave the way for Democrats to pass President Joe Biden economic stimulus bill. The final package has yet to be passed but, provided all Democratic senators…

What is factor income? Factor income is the flow of income that is derived from factors of production, the general inputs required for the production of goods and services. The income from factors on the use of land is…