January 22nd, 2020 Newsletter


Due Dates For Tax Forms
The Internal Revenue Service (IRS) will begin accepting paper and electronic tax returns on January 27, 2020. That means that tax forms used to prepare returns may already be in the hands of taxpayers, or they are on their …

IRS exempts some forgiven student loans from taxes
In a decision that will bring relief to tens of thousands of student loan borrowers, the IRS has expanded the pool of people who will …
SF Gate

What Are Installment Loans And How Do They Work?
Auto loans are a kind of installment loan that’s meant to be applied when planning to purchase a car. Typically, this type of …
Finance Monthly

2019 and 2020 Capital Gains Tax Brackets
Capital gains are the profits you make when you sell an asset such as a stock, real estate, or business. These gains are usually considered …
Investor Junkie

Here’s the grade most Americans give themselves for retirement readiness
If saving for retirement were graded, most Americans would want to hide their report cards. A majority would give themselves a “C” grade …
USA Today

Here Are the Best Home Renovations for Your Money in 2020
The best home renovation project for your buck isn’t a chef’s kitchen or master suite, but an affordable fake stone that returns nearly …

6 Reasons to Avoid Private Mortgage Insurance
Before buying a home, you should ideally save enough money for a 20% down payment. If you can’t, it’s a safe bet that your lender …

Donations wipe away $13 million in medical debt
Thousands of St. Louis-area families were freed from a major financial burden thanks to a charitable effort that is …
ABC News

Families Still Drowning In Consumer Debt, Adding To Financial Insecurity
Employment levels are nearing the highs of the late 1990s again. But families are still borrowing massive and increasing amounts …

The Average Credit Score Just Hit a New High. See How Yours Stacks Up
The typical credit score in the United States hit a new record in 2019, with the average FICO score rising to 703. That average has …

3 New Money Habits for 2020 (No. 1 Is Forget Budgets!)
After recently completing my second half-marathon race in October, I’m mulling my new fitness goals for 2020. At the very least, I’m …

“After federal, state and local taxes, you get one-third of a wish.”
Copyright © Randy Glasbergen
In what year did the 2001 issue of the U.S. one dollar bill begin its design?
See the answer below.
How To Invest On A Shoestring Budget
If you would like to invest but think you don’t have the money, think again. The beauty of investing is that …
What Year Was It?

President Carter Pardons Draft Dodgers

What Year

U.S. President Jimmy Carter grants an unconditional pardon to hundreds of thousands of men who evaded the draft during the Vietnam War.
The day was Jan 21. What year was it?

Quote of the Week
“An investment in knowledge pays the best interest.”
Benjamin Franklin
Trivia Answer
In what year did the 2001 issue of the U.S. one dollar bill begin its design?
Answer: 1957. Although the one dollar bill has been with us for a long time, the design of the 2001 version began in 1957.
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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