April 2021 Money News

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Time for another monthly money news update!

Women & Money Management Today at Vanderbilt’s Women’s Center

I have some news for the students and faculty at Vanderbilt!

My colleague Joyce and I will be speaking at an event today at The Women’s Center. This will be a live, online event  at 4p Central today, April 5, 2021. We’ll be reviewing real-life money management tricks, while actually addressing the significant financial obstacles women face at nearly every turn within our society.

We hope to see you there! Here’s where you can join us.

Joyce and I may have more exciting news coming up around the corner, too. Stay tuned!

Taxes in the Pandemic.

There are so many changes to taxes this year. And next year. These changes are highly likely to work in your favor in a big way.

Last month we talked about an important large, refundable credit available to the self-employed.

Here are some other big, important changes you should be aware of since the last time we spoke:

  • Filings for the 2020 tax year are no longer due on April 15, 2021. Instead, they’re due May 17, 2021. Here are some ways to file your taxes for free.
  • The first $10,200 you received in unemployment in 2020 no longer counts as taxable income.
  • There are changes to the Child Tax Credit and Additional Child Tax credit that both make it larger and make a larger portion of it refundable. You may expect to see some of these refunds for the 2021 tax year come early — as early as this summer.
  • The Child and Dependent Care Credit has also become refundable, larger and claimable for an additional year.
  • There are BIG changes to premium credits for those who pay for an ACA health insurance plan. It is extremely likely that these changes work in your favor no matter how much or how little money you make, and can result in a larger tax refund or lower overall tax burden. Learn more here.

You got evicted. Now what?

The best way to avoid an eviction is to stop it before it goes to court.

However, that’s not always possible. The eviction crisis has only gotten worse in the pandemic, and it’s something no one should ever have to go through. If you have, I sat down with an expert to help you figure out how, exactly, you can recover with an eviction on your record.

Side Hustle

Looking for a potentially lucrative side hustle? That you can do remotely?

I talked with Bryson Honjo to learn more about the sneaker reselling industry. You can catch the full interview here.

Send your questions!

Confused by all the big financial changes we’ve seen from our government over the past year? Have a specific question you’d like answered? Shoot me an email and I’ll try to get it answered for you in the next round up!

Until next time, friends.

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