Wednesday, December 30, 2020



The last BUZZ of 2020!

* TAXGIRL Kelly Phillips Erb continued with her “12 days of Charitable Giving 2020” blog series.  Click here to see all the days so far.

* The TURBOTAX BLOG gives us a “Capital Gains Tax Calculator” to “help you estimate your capital gains/losses, capital gains tax, and compare short term vs. long-term capital gain if you’ve already sold or are considering selling”.

* And another calculator.

Now that asshole Trump has finally signed the COVID relief bill the second round of stimulus payments will soon be distributed.  KIPLINGER.COM has a “Second Stimulus Check Calculator” so you can see how much, if anything, you will be getting.

FYI - I will be reviewing the 1040 components of the Act and will post about them here in a few days.

* Speaking of the stimulus payments – “Treasury and IRS begin delivering second round of Economic Impact Payments to millions of Americans” -

Today {December 29 – rdf}, the Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments earlier this year.

The initial direct deposit payments may begin arriving as early as tonight for some and will continue into next week. Paper checks will begin to be mailed tomorrow, Wednesday, December 30.”


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