Bankruptcy Helps with Health Insurance

Wasson and ThornhillHealth Insurance

health is good Xray

Photo by Owen Beard on Unsplash. Health insurance is extremely important, for lots of reasons. Chapter 7 and Chapter 13 can both help you get and keep your health insurance. Last week we discussed the 6 months of free health insurance provided by the recent American Rescue Plan Act.  It may apply to you if you lost your job and … Read More

Free Health Insurance for 6 Months

Wasson and Thornhillpandemic

doctor ready to provide health care

Have you lost a job, and with it your employer-based health insurance? You can get 6 months of that insurance for free starting April 1. Last month’s American Rescue Plan Act included the $1,400 stimulus payments, expanded unemployment insurance, and many other benefits. One other less well-known benefit pays your health insurance if you’ve lost your job and your health … Read More

What If You Already Owe Income Tax?

Wasson and ThornhillIncome Taxes

no taxes without representation

Photo by Donovan Reeves on Unsplash. What if you already owe a prior year (or more) of income tax, regardless whether you expect to owe for 2020? What should you do and not do? What if you owe 2020 income taxes even though the IRS is not taxing $10,200 of unemployment income that year? That was our topic last week. … Read More

Got Unemployment Income and Owe Income Tax?

Wasson and ThornhillIncome Taxes

what to do with income

Photo by Travis Essinger on Unsplash. What if you owe 2020 income taxes even though the IRS is not taxing $10,200 of unemployment income? What should you do and not do? Last week we discussed the extent to which unemployment income is not taxed because of the American Rescue Plan Act. Generally, you don’t pay federal (and possibly state) income … Read More