November 12, 2020
You can finally turn off the cable news: Joe Biden has clinched the U.S. presidency after flipping key swing states including Pennsylvania, Michigan and Wisconsin. And with a new leader, changes are afoot. Below, you’ll find pieces examining the president-elect’s expected impact on the economy, taxes, retirement, student loan debt and even solar stocks. But in the background of these election updates, Covid-19 case numbers have skyrocketed across the United States. When it comes to Medicare, Congress held down the increase in the base Part B premium for 2021, but surcharges for high income seniors are rising. With many Americans still struggling financially amid the pandemic, contributor Guinevere Moore offers tips for dealing with the IRS when it’s difficult to pay a tax bill, and senior contributor Kelly Phillips Erb reminds college students that some of them may still be eligible to apply for a stimulus check. 2020 getting you down? It’s almost over. In the meantime, consider playing Eloise and spend a month living at a hotel, thanks to some major promotions at Hyatt locations.
The president-elect has plans for everything from Covid-19 to taxes to the minimum wage. Here is a roundup looking at changes you can expect in a dozen key areas.
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Though solar energy stocks have struggled this past week, they still have a bright future despite the looming possibility of a split congress.
Goldman Sachs published five bold predictions on Wednesday, including an end-of-year market surge and the expectation that Pfizer’s PFE coronavirus vaccine candidate will receive emergency FDA authorization in January.
Biden plans to raise taxes by nearly $3.5 trillion over the next ten years on corporations and individuals earning more than $400,000 annually. But the fate of his proposals could rest in the hands of two Georgia runoff elections.
Conventional wisdom says Joe Biden’s tax agenda will die in a GOP Senate. But elements of his plan still could pass.
Owe The IRS, But Can’t Afford To Pay? Here’s What To Do About It Guinevere Moore
Taxpayers who owe the IRS but cannot afford to pay have options, but must carefully exercise their rights or risk waiving them.
Novel Graphic: Retirement Boom
Source: Pew Research
Congress held down the increase in the base Medicare Part B premium for 2021, but watch out for income-related surcharges.
President-elect Biden intends to expand Social Security benefits as well as retirement savings benefits for caregivers.
Biden’s campaign included lofty goals for student loans and making them less of a burden for middle-class Americans.
IRS To College Students: It’s Not Too Late To Register For A Stimulus Check Kelly Phillips Erb
If you are a self-supporting student and don’t need to file a tax return, you have until November 21 to register to get your stimulus check (also called an Economic Impact Payment, or EIP) before the end of the year.
I’m Moving Into A Hyatt For 4 Weeks. Here’s Why Caroline Lupini
By taking advantage of several current Hyatt promotions, the author is spending $3,914.38 to live in a Hyatt hotel for a month.