Freedman & Co., CPA, PC

Raising a child is priceyto the tune of almost a quarter of a million dollars over the first 18 years, according to the USDA’s most recent figures. Luckily, the IRS provides some tax breaks to help families with these enormous costs. https://www.forbes.com/advi/taxes/5-tax-breaks-for-parents/

Teachers: Some out-of-pocket expenses to protect your classroom from COVID-19 may qualify for the educator expense deduction. See the details: go.usa.gov/xASEg

Your accountant doesn’t have to be physically present for your business to benefit from their expertise. Modern technology makes virtual accounting an excellent alternative. https://financialhotspot.com//what-you-should-know-about-/

When to claim Social Security is a big question, but it is not the only one you will need to answer to get the most out of your benefits. https://www.kiplinger.com//to-maximize-your-social-securit

Untangling family finances during divorce can take some digging. Your spouse may have assets that aren’t top of mind (restricted stock or Bitcoin, anyone?), and they might be tough to value or split up. https://www.kiplinger.com//4-hidden-assets-youll-need-to-a

The Rule of 72 is a simple way to calculate how long it will take an investment to double, based on the annualized rate of return. https://www.thebalance.com/what-is-the-rule-of-72-how-can-i

5 essential tax tips for new business owners https://www.creditkarma.com//i/tax-tips-new-business-owners

7 Ways to Build Your Credit Score Without Using Credit Cards https://financialhotspot.com//7-ways-to-build-your-credit/

9 Basic Financial And Analytics Metrics Every Startup Founder Should Know https://www.forbes.com//9-basic-financial-and-analytics-m/

Here's how to increase your Social Security payout. https://money.usnews.com//www.justans/sip/social-security|ga|1|2060448136|73552709462|&JPKW=&JPDC=C&JPST=money.usnews.com&JPAD=362737902209&JPMT=&JPNW=d&JPAF=txt&JPRC=1&JPCD=20190710&JPOP=VP&cmpid=2060448136&agid=73552709462&fiid=&tgtid=&ntw=d&dvc=c&gclid=EAIaIQobChMIspyD54Hl7QIVjXliCh0GCg1eEAEYASAAEgI93_D_BwE

Second Stimulus Package: What's in It for You https://money.usnews.com//second-stimulus-check-and-expand

#IRS reminder: Limits on charitable contributions have been temporarily suspended. You may deduct qualified contributions of up to 100% of your adjusted gross income. https://go.usa.gov/xfQZs #COVIDreliefIRS