Is my state stimulus payment taxable?

FAN Editor

The IRS will not tax general welfare and disaster relief payments issued by states, including California’s Middle Class Tax Refund and Colorado’s Cash Back program. Seventeen states issued rebates in 2022 to help residents cope with the ongoing coronavirus pandemic. “The IRS has determined that in the interest of sound […]

Markets and the Presidents Day holiday

FAN Editor

After the S&P 500 posted its second straight weekly loss, traders and investors may be glad that markets will pause for the Presidents Day holiday. U.S. equity markets, as well as the bond market, will be closed on Monday. Stock futures will trade on an abbreviated schedule. Equities will close […]