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Now is the time to think about taxes and saving

During these times of uncertainty, two things remain certain: taxes and a need to save money. Unemployment is taxed just like ordinary income, which means that those who received unemployment benefits, including the additional $600 a week benefit, will have to pay taxes on those benefits.  For those who fall into the 12% tax bracket, 12% of those benefits will be federally taxed.  According to Mitch Howell, financial advisor, unemployment […]
Source: The Daily Jeff – News from Camberidge OH

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