Monthly Archives: August 2020

Out of state

If you’re working remotely during the pandemic, next year’s tax season could get complicated if you’re sheltering in place in a different state. That’s because some states tax income earned while there even if you primarily reside and work in a different state. For example, if you live in New Jersey but are working remotely […]

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Retirement Income CARES Act

The Internal Revenue Service has announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020. The 60-day rollover period for any RMDs already taken this year has […]

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