Personal Finance Daily: Millions of Americans who were unemployed last year face another shock: a 2020 tax bill they can’t afford, and Schumer says White House is ‘extremely open’ to student-loan debt cancellation

This post was originally published on this site

Hi there, MarketWatchers. Don’t miss these top stories:

Personal Finance
‘I was discarded after 40 years of marriage’: Can my ex-husband file a joint tax return without my consent? He tried to take both my stimulus checks

‘He told me straight out that he does not intend to give me any of our joint tax return, because he said that I am no longer working.’

My ex-husband signed a contract with our son saying he would only pay for his education if he gets Cs or better. That contradicts our divorce agreement

‘We included in our settlement an agreement to each pay $10,000 per year for our son’s college education. Our son is in college and is 20 years old now.’

Millions of Americans who were unemployed last year face another shock: A 2020 tax bill they can’t afford

A new bill wants to block federal income taxes on the first $10,200 a person received in unemployment benefits last year.

Golf legend Greg Norman is looking for a buyer for his $60 million Jupiter Island compound

The golf legend Greg Norman is swinging for a sale of his longtime estate on the exclusive Jupiter Island.

Why vacation-home markets are booming in Alabama and New Hampshire

Big city dwellers across the U.S. trying to ride out the pandemic have shifted their search for vacation homes away from the flashy trendy locations to remote areas. Call it social distancing in the extreme.

White House is ‘extremely open’ to student-loan debt cancellation, Schumer says

‘Cancelling student-loan debt is the single most effective executive action that President Biden can take to kick start this economy,’ Sen. Elizabeth Warren said.

3 ways Jeff Bezos’ tenure at Amazon helped and hurt American workers and consumers

72% of consumers said they expected more of other retailers because of Amazon, one survey showed.

Financial stress is pushing more Americans to move as pandemic rages on

The share of people who have moved because of the pandemic continues to rise — but their reasons for doing so have changed in recent months.

Are you better off now than you were a year ago? Only 35% of Americans say yes

It’s the worst assessment of financial well-being since 2014, according to Gallup.

Community colleges and their students were already vulnerable. Then the pandemic hit

Enrollment at community colleges typically grows during a recession. This downturn, it’s plummeted.

Elsewhere on MarketWatch
Yellen meets with regulators over GameStop volatility, vows to protect investors

Treasury Secretary Janet Yellen convened a meeting Thursday with the nation’s top regulators , who are continuing to review whether recent volatility in popular “meme stocks” and brokers’ response to it “are consistent with investor protection and fair and efficient markets,” according to a Treasury Department statement.

Why ‘Buy American’ doesn’t do enough for the economy and national security

Domestic manufacturing in critical areas is lacking and production should be brought back to the U.S. from overseas.

Biden says ‘America is back,’ vows to confront China on economy in first foreign policy speech as president

President Biden re-asserted U.S. engagement with the world on Thursday, saying “diplomacy is back” in his first foreign policy speech as commander in chief.

As COVID-19 vaccine doses reach 10 million, U.K. cautiously eyes encouraging pandemic numbers

Hospital admissions and deaths have been falling throughout the U.K., England’s chief medical officer Chris Whitty said on Wednesday.

Childhood poverty is three times more common than we thought

One-third of households with a child were net-worth poor in 2019, three times as many as were income poor.

From vaccines to moonshots, governments can succeed if they focus on accomplishing the mission

A mission-oriented approach is not about government ‘picking winners,’ but about choosing directions for change that require investment and innovation in many sectors.