Welcome to the latest Financial Friday Round-Up, our weekly column filled with the best things for you to read, watch or listen to regarding finance around the web. Below you will find a video from the NASE Minute on tax deductions, information on the latest stimulus bill, and more.
Have you ever wondered if there are hidden tax deductions out there that you could be missing? The latest NASE Minute video gives you the answer: the most common missed deductions are the expenses that will not show up in your checkbook. Watch this video to learn more and maximize your deductions.
The Consolidated Appropriations Act passed at the end of 2020 added an easily missed addendum that affects whole and universal life insurance policies. By making changes to a threshold in the tax code, policymakers hope to make it easier to issue these policies after the pandemic — read more for further information on this change.
After the Senate authorized a third round of stimulus checks last Saturday, many publications offered guides on what to expect from the latest relief plan. For a quick and simple rundown of what families qualify and other factors, check out this article from Kiplinger.
Cryptocurrencies can be a hard concept for anyone to wrap their minds around, but they are only becoming more and more prevalent with the rise of financial technology around the world. The rise of Bitcoin and other cryptocurrencies could falter, however, when corporations have to reckon with the high carbon footprint left by the mining of these new currencies. Read this piece from The New York Times for a simple window into this interesting intersection of finance and the environment.