The “affordable” part of the Affordable Care Act (ACA) comes in the form of tax subsidies based on an individual’s or household’s income. And those subsidies can be significant, even for individuals whose income are up to the 400% above the national poverty line. The Kaiser Family Foundation has created this calculator to illustrate health insurance premiums and subsidies for people purchasing insurance on their own in new health insurance exchanges (or “Marketplaces”).
AdviceResources
Helpful Work-Related COVID-19 Articles from the U.S. Centers for Disease Control and Prevention
CDC resources and articles organized in a work-related table of contents.
Research
Survey: Few Coronavirus-era Workers Have Returned to Their Pre-virus Workplace
Two-thirds of those surveyed believe they will be back to their spending levels in less than a year
ResourcesTaxesTipTools
On-Demand (Gig) Economy Tips & Advice From the IRS (2020)
Gig economy income is taxable no matter what the source. This is true if the work is full-time, part-time or if an individual is paid in cash.
ResearchTrend
Small Business Optimism Rebounds in May But Earning Trends Decline (2020)
May survey respondents reported a reduction in employment by 0.17 workers per firm.