The question of when student loan payments will resume, along with “if” those payments will resume for all borrowers, is still on the minds of lawmakers, lenders, and borrowers. Although Joe Biden has repeatedly extended the loan pause, that may end on Aug. 31, 2022...
One often-overlooked aspect of retirement planning is the effect of taxes. Without proper planning, taxes can take a significant bite out of your nest egg. A $1 million dollar portfolio in a 401(k) plan or traditional IRA, for example, might be worth $800,000 or less...
What are Massachusetts Military and Veteran State Tax Benefits? Massachusetts Income tax Exclusion for Combat Pay: Pay received for active service in a combat zone by members of the U.S. Armed Forces is excluded from Massachusetts gross income. Massachusetts Military...
Massachusetts Governor Baker recently signed the VOTES Act into law. The VOTES Act will expand voting options here in the Commonwealth, but it will also make voting easier for active service members. The current process for a military member to vote from overseas...
The Massachusetts Legislature passed comprehensive legislation, An Act relative to military spouse-licensure portability, education and enrollment of dependents, addressing the Commonwealth’s most immediate needs in the veteran community and making necessary updates...
The Massachusetts State Senate passed legislation to give all adoptees the ability to retrieve their original birth certificates. As of now, adoptees born between July 17, 1974 and January 1, 2008 cannot access their own original birth certificates without obtaining a...
When you're thinking about filing taxes after a divorce, you may want to know how your taxes will change. The federal tax impacts of divorce aren't as large as they used to be. Each state has its own state income tax laws. How divorce-related payments and income are...
When it comes to screening and testing Massachusetts military children for lead exposure, there’s no one at the helm to make sure it’s happening, according to a new report from government auditors. And the auditors are questioning the accuracy of Department of Defense...
A Massachusetts business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two. It is critical for business owners to correctly determine whether the people providing services are...
From collecting stamps and woodworking to crafting and quilting, people have all kinds of hobbies – and most of these hobbies will never turn a profit. For hobbies that do earn income, people should know that they must report it on their tax return. They should also...