Another Round of Cash Stimulus Payments

Category Archives: Congress at Work

Another Round of Cash Stimulus Payments

Eligible individuals will receive $600 ($1,200 for a married couple) plus $600 for each qualifying child. Eligibility phases out for families with 2019 adjusted gross incomes above $150,000 ($75,000 single). Nonresident aliens and dependents are not eligible. When will the … Continue reading

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Deduction for 2019 Medical Expenses

I like to think of the deduction for medical expenses as a “phantom” deduction. Most taxpayers who itemize deductions on their annual income tax returns are aware that they can deduct their medical expenses. However, not everybody understands the “floor” … Continue reading

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