The CARES Act has several provisions to protect the credit history of consumers who take suspend or negotiate debt payments during the COVID-19 pandemic. Which debts must be reported as “current” on your credit report? If your mortgage is owned…
Karen Chan Financial Education & Consulting, LLC
Providing the information you need to make wiser decisions with your money.
Blog Archives
Cash is king in uncertain times.
In April 2020, most states are under a stay-at-home order due to the coronavirus pandemic. As a result, millions of people have become unemployed overnight. Even if you still have your job, things may feel pretty uncertain. The stock market…
Why am I writing this blog?
Financial education is what I am passionate about. I have devoted my professional life to that cause. I thrive on delivering workshops about the financial decisions we face, but I wanted another way to share my take on personal finance.…
There are lots of moving parts to the new tax law, making it difficult to know how it will affect you beginning in 2018. In three posts that I wrote for University of Illinois Extension’s Plan Well – Retire Well blog, I explain these changes.
- To see how your 2018 return will compare to your 2017, Check this head-to-head, line-by-line comparison of your 2017 and 2018 tax returns
- To understand how the changes will affect you, you need to know something about Tax Rates
- Other changes include Inflation Adjustments, IRAs, 529 Plans, ABLE Accounts, Student Loans, & Estate Tax
