The IRS is finally staffing up. Here's how to get your coronavirus stimulus money

The germ-killing invention for airplane cabins, created by an orthopedic surgeon from Los Angeles, now has the backing of Honeywell International.I took $250,000 out of my retirement account in 2019 to set up five 529 accounts for my young grandchildren. As a result, my federal and state tax bills are $80,000. I’ll need to take that money out of my IRA.

If you continue to tap your IRA, you will continue to owe taxes on the money you withdraw. The $80,000 will incur state and federal taxes. If you again pay the tax bill on the $80,000 using your IRA, you’ll owe taxes on that money as well, and so on.You may not think that’s fair, but the reason your IRA is taxable now is because you got a tax deduction when you made the original contributions, and the money has been growing tax deferred in the meantime.

Using a compound interest calculator, it would take about 16.5 years for the debt to grow that large. The borrower would have lived in their home for all that time without making payments toward the debt, although they were still responsible for taxes, insurance and maintaining the property. They can stay in the home for as long as it’s their principal residence.

Advertising for these loans can gloss over the downsides, such as potentially not being able to tap your equity later, when you may need it more. Reverse mortgages can be a good solution for some seniors but certainly not all of them.

Screw the stimulus. I already got that. How tf do I get my taxes now? Filed em in February and still waiting.

I am certified poor. Can you help me?

But I thought USA people didn't/don't believe in 'hand-outs' least that's the reason stated for why ReparationsNow for Melanin Rich people is a bad idea

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