INDIANAPOLIS – The Indiana Department of Revenue (DOR) outlined temporary taxpayer relief initiatives recently implemented to support Hoosiers during the statewide COVID-19 health emergency.
Thank goodness for the Smith’s longspur. It’s a welcome distraction… a mission, a challenge, a journey to temporarily take my mind and heart off the concern and anxiety that I have been feeling about COVID-19.
KENTLAND — “Captain Cash”, an elementary curriculum designed by Purdue Extension, recently sailed in the community. During the voyage approximately 60 third-graders from South Newton Elementary enjoyed classroom activities that helped them consider the following themes: the more you learn, t…
KENTLAND — The Kentland Rotary Club met together in a virtual meeting at noon on Tuesday, March 31, 2020. Twenty-one members attended the meeting, and some were from as far away as Kendallville, Indiana, Spencerville, Indiana, Fort Myers, Florida, Denver Colorado, and Mexico City Mexico.
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KENTLAND — After backing out of a plea deal, just moments before a sentencing hearing, in which he would have served between 15-19 years in prison, Demiah L. Wright aka “D”, 36 of Kankakee, wa…
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RENSSELAER — Closing schools to classroom instruction throughout the state for the rest of the school year has forced the IHSAA to cancel the 2020 spring sports tournaments.
INDIANAPOLIS — The Indianapolis 500 was rescheduled for Aug. 23 due to the COVID-19 pandemic, officials from INDYCAR and the Indianapolis Motor Speedway announced Thursday. The 104th edition o…
Barrack Obama won many awards while he was president. I’m sure he was proud of most of them. Probably not so much when the decidedly pro-Obama news network, CNN, named him Gun Salesman of the Year multiple times. Never in U.S. history did so many citizens flock to gun stores to exercise thei…
The headline isn’t totally true. I’m sure there are viruses which do occur outside or even commonly outside, but from what I can tell from all the media reporting, the Covid-19 is mostly spread person to person and maybe just occasionally from touching a doorknob, seat back or countertop. Mo…
The popularity of kayak fishing is at an all-time high and B.A.S.S., the world’s largest fishing organization, has formed a new tournament trail aimed specifically at kayaking enthusiasts. The Bass Angler’s Sportsman Society isn’t just jumping on the kayak fishing bandwagon or following a pr…
Hammond and Lake Ridge Schools defend their challenge of a state law allowing the sale of unused school buildings to charter organizations for $1 as the attorney general's office seeks dismissal of the case.
AUBURN — DeKalb County criminal justice leaders have been attentive to the impact of COVID-19 on detention facilities since mid-March and will continue to evaluate every new arrest for the need to incarcerate, DeKalb County Prosecutor ClaraMary Winebrenner said Friday.
Hammond Mayor Thomas McDermott Jr. says "it's beyond dumb" for North Township Trustee Frank J. Mrvan to open the Wicker Memorial Park golf course during the coronavirus pandemic.
The Lake County Board of Commissioners is donating $5,000 to Meals on Wheels of Northwest Indiana to ensure senior citizens continue receiving essential nutrition during the coronavirus pandemic.
INDIANAPOLIS, April 3, 2020 /PRNewswire/ -- Herff Jones, a division of Varsity Brands, and the leading provider of graduation and educational products and services designed to inspire achievement and create memorable experiences for students, announced today an exclusive collaboration with MarchingOrder and StageClip on a virtual commencement solution that provides a proven, easy-to-implement platform for institutions that need to postpone graduation ceremonies due to the coronavirus pandemic. This comprehensive, best-in-class solution was developed with the goal of eliminating the administrative burden on schools looking to host a virtual event, and it is currently not available anywhere else in the market.
Caring for an elderly relative can be rewarding, but incredibly difficult – as well as expensive. However, it may be possible to recoup some of the costs through income tax savings.
There are two general approaches to tax savings on elder care costs – taking medical deductions that can be itemized and claiming a dependent care credit that can be subtracted directly from the taxes you owe.
First, you must determine if your elderly relative qualifies as a dependent. Full details are listed in IRS Publication 501, "Dependents, Standard Deduction, and Filing Information," but the primary criteria are that they must be a relative, you must be providing over half of their support, and their gross 2019 income must be less than $4,200.
The definition of relatives includes stepparents and in-laws. They do not...
When you use your car for both personal and business reasons and you are not fully reimbursed through your employer for the business expenses, you can deduct those costs from your taxes. How do you go about claiming these deductions? Assuming that you itemize, you have two general paths:
- Standard Mileage Method – The IRS prints flat rates of reimbursement per mile driven for each calendar year. For business use of your vehicle in tax year 2019, the standard mileage rate is 58 cents per mile, up from the 2018 value of 54.5 cents per mile.
- Actual Expense Method – Rather than calculate an average based on miles, you can calculate the actual expenses related to the non-personal use including gas, oil, maintenance costs, depreciation, tolls, parking fees, insurance, and other applicable expen...
A stable income is critical to a comfortable retirement – as is limiting the amount of that income that you give to Uncle Sam. Maximizing retirement income and minimizing taxes requires advance planning – as illustrated in these seven tips.
1. Use a Roth IRA
Because Roth IRAs are funded with post-tax dollars, they are flexible retirement income sources and excellent for plugging retirement income gaps. You may draw contributions out at any time and earnings may be withdrawn tax-free if you are at least age 59½ and have had the account for at least five years.
Roth IRA contributions are less attractive when you are in higher-earning years where a high tax bracket applies. Contribute to a Roth IRA when tax conditions are favorable or convert a traditional IRA to a Roth IRA in a year where your adjusted gross income (AGI) is low, taking the tax hit while you'r...
In general, deducting pet expenses on your tax return can get you into hot water with the Internal Revenue Service (IRS). Usually pet expenses will not hold up should the IRS audit you. However, specific cases exist that allow you to take legitimate tax deductions for spending on your pet.
Regardless of how you justify your pet deductions, make sure that you have receipts and documentation for all expenses you claim on your tax return or they will be disallowed.
Guard animals could pass muster for a deduction for your business. If you consider deducting your pet as a guard animal, make sure that they actually perform guard duties. Your pet's breed should be one that is often considered that of a typical guard animal. For instance, a pit bull could be considered a guard dog while a Chihuahua probably would not.
It would be beneficial if you could pr...
What two words cause the most panic to Americans? There are probably a hundred funny responses running through your mind right now, but we were thinking of a less humorous response: "IRS audit."
Your odds of avoiding an audit are usually pretty good. The IRS reviewed almost 1 million tax returns in fiscal year (FY) 2018, resulting in a low audit rate of 0.5%. Raising red flags in your return are likely to increase your odds of being audited. Some of these cannot be avoided, but others are essentially errors in judgment.
- You Are Wealthy – The IRS disproportionately audits wealthier Americans. Why? As the famous bank robber Willie Sutton allegedly said, "Because that's where the money is." Think of it as a return on investment of IRS time. As Betterment Head of Tax Eric Bronnenkant puts it, "The IRS audits wealthy people because they're the ones who are the most likely to get an adjustment out of it."
While there may be an element...
Small business owners, sole proprietors, independent contractors and the self-employed are eligible for financial assistance through the federal Paycheck Protection Program, which will extend as much as $349 billion in forgivable loans to enable some businesses to pay employees during the coronavirus crisis.
Gyms and fitness centers across the U.S. are closed amidst the coronavirus outbreak, but there are many exercises that can be done at home to help people who are sheltering and maintain their fitness goals. Some gyms are even offering free live-streaming classes.
Staying at home during the coronavirus outbreak can help you avoid contracting the potentially deadly pathogen. Arming your immune system and creating a natural shield by eating foods rich in essential vitamins, minerals and antioxidants can help you fight off an infection, whether it is COVID-19 or other viruses and bacterium.
The societal response to the Covid-19 outbreak in the United States has led to most people practicing social distancing, and large segments of some states’ populations essentially in social isolation. Spending more time than usual indoors and away from social situations, and the lack of facetime with friends is something many people are struggling with. Time alone without that social outlet is for some people new, uncomfortable and even scary.
With the current coronavirus outbreak going on around the world, many employees are being forced to work from home to support “social distancing.” While this may come easy for some companies or employees, others might not be used to this new work environment.
LOS ANGELES - They've been stuck inside, leaving their Ladera Ranch home only for periodic trips to the physical therapist. They check in with coaches through computer screens and study film via screen sharing. They listen to virtual lectures at the kitchen table and follow virtual workouts on Instagram. Everything is changing for college football in the wake of the COVID-19 pandemic, with ...
NEW YORK - The break-in lasted just minutes. At 3 a.m. on Monday, a thief - or thieves - forced open the glass doors of the Singer Laren museum in the Netherlands and headed straight for its prize exhibit: a Van Gogh oil painting. By the time police arrived, the burglars were gone, along with the artwork. The smash-and-grab of "Spring Garden, the Parsonage Garden in Nuenen in Spring" ...
HAMBURG, Germany - European aircraft manufacturer Airbus has brought millions of protective face masks to Europe from China as part of its so-called air-bridge mission during the new coronavirus pandemic, the company announced early Sunday morning. An A350-1000 aircraft picked up the masks during a stopover in the Chinese city of Tianjin and landed in Hamburg on Saturday with the face masks ...
SAN JOSE, Calif. - When will sports resume? Everyone has a thought. The North American professional sports leagues are hoping for late May, early June. Per ESPN, President Trump told commissioners Saturday that he hopes leagues can resume - with fans in the stands - in August or September. Yes, it's his hope that the NFL starts, with fans in the stands, on time. California Governor Gavin ...