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The pandemic has not deterred people from spending money during the holidays this year.According to Mastercard SpendingPluse, holiday retail sales were about 3% higher in 2020 than they were a year ago.“American consumers turned the holiday season on its head, redefining ‘home for the holidays’ in a uniquely 2020 way. They shopped from home for the home, leading to record e-commerce growth,” said Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated said in a press release. “And, consumers shopped earlier than ever before. Across our expanded 75-day holiday shopping season, sales were up 3.0%, a testament to the holiday season and strength of retailers and consumers alike.”Mastercard said that between Oct. 11 and Dec. 24, online spending was up 49%, with sales on furniture and home improvement items also seeing an increase.Online furniture sales grew 31% compared to last year, and home improvement items were up 79%, Mastercard said.Sales for department stores and clothing brands were down this year, with apparel declining 19% and overall sales at department stores fell 10%. 1137
The millions of people who were unemployed this year may want to start planning now for tax season. Unemployment income is taxable.If you didn't already choose to have those taxes taken out, a CPA tells us there are other options.You could get ahead of it and make an estimated tax payment for the fourth quarter.The drop in income may also mean you're eligible for other deductions and credits, like the earned income tax credit or the child and dependent care credit.“That's an income-based one that's based on a sliding scale, depending on how much you make. So, if you made less money, you could see more of that,” said Lisa Greene-Lewis, CPA and tax expert at TurboTax.Questions on stimulus payments will also be part of your tax return. That money is not taxable.If you got too much, you do not have to pay it back. But if you didn't get the amount that you're eligible for, you can get it as a recovery tax rebate.While working from home, some people stayed in other states. That could potentially put you on the hook for two state tax returns, depending on how long you stayed there.Because of the 2017 tax law, deductions for working from home will mostly only apply to those who are self-employed.Self-employed workers could also be eligible for new credits. You can claim them when you file or estimate those credits and keep them in your pocket now.“If you were sick or you took care of someone that was sick or took care of a family member, there's a qualified sick and family leave credit, and they can be worth thousands of dollars,” said Greene-Lewis.The IRS hasn't said when the tax filing season will open, but it's usually in early January. 1667

The no-frills grocery chain Aldi is shedding its dowdy image as it goes a bit more upscale to compete with Whole Foods, Kroger, Publix, Safeway, and other chains.The German grocer plans to spend more than billion remodeling 1,300 US stores and adding hundreds of new ones, as it aims to become the nation's third-largest grocer.But is it staying true to its roots as a deep-discount grocery store? And does it still have the huge price advantage?Stores going upscaleWhen the doors open at the newly redesigned stores, shoppers told us they were not disappointed. Inside the new stores, they found a more upscale look: new signage, and lots more fresh produce in the enlarged store.Karen McKenzie said she and her baby girl loved it."They have much lower prices than the grocery store," she said, "especially when you are struggling to feed a family, and you've got to save wherever you can."Taking on Whole FoodsTen years ago, Aldi was just another bare-bones discount grocery store, with a limited selection of fresh fare.But now it's made a huge move into produce, especially organics, and the chain says its prices will rival anyone."We have a better product offering and expanded product range, and it's a much cleaner and nicer environment," regional manager Ryan Harmon said.What about prices, which is really the main reason shoppers visit Aldi?We compared Aldi's organic and conventional produce with Whole Foods', and found Aldi's price advantages haven't changed. 1504
The pandemic has made addiction exponentially worse. Doctors are worried that those who are suffering aren't getting the treatment and help they need, especially as people turn their focus to Covid-19.Ashlynn, 25, is two years "clean." "I love being a mom. It's my favorite thing ever and I love that I’m in recovery,” she said.It's been two years since she walked away from a life that was spiraling out of control and heading for an extremely dark place. “I went through stages of functioning addict, thief, manipulator, prostitute, the person that relapses, the person that overdoses, you name it I went through it,” Ashlynn explains. Her journey with mental illness started when she was a teenager. She was in and out of mental institutions and eventually, rehab. “It wasn’t that I wanted to party, it was just that I didn’t want to feel anything at all because I felt so terrible. I didn’t want any of those feelings,” she recalls.It wasn't that she didn't try to break away, it was that she couldn't. She relapsed. A lot. And then she was confronted with one of those life moments in which she realized that her life could go one way or another. “I remember being in a hospital and thinking, 'I don’t want to die a statistic. I’m more than a statistic. I don’t want to die a statistic.' And I got arrested and that helped me get my life together because I don’t really want to go to jail,” Ashlynn said.She made milestones for herself. And eventually, became the person she is today, after finding what doctors call "medication assisted treatment," balanced with support groups and counseling. The first step though, says Dr. Adam Rubinstein, is making that call for help.“My concern is that because we’re all so focused on Covid-19 and it is so scary, patients with opioid use disorder who were already moving in the shadows may be even more marginalized,” Dr. Rubinstein said.Dr. Rubinstein works in both internal and addiction medicine. “We take care of people who have a disorder that hijacks their brain, people that are compulsively using a substance and can’t stop on their own," he said. The behaviors, he says, bring negative consequences. But those who suffer from the disease of addiction can't stop, and end up using so as to not suffer withdrawal.“They think they’ll die when they’re in withdrawal and will do anything they can to get out of it. Which means using that drug of choice again,” he said. The disease of addiction doesn't stop even in a global health crisis. The death rate from opioid overdoses is rising.“The second problem is that Covid-19 brings unemployment, financial problems, isolation and depression. Third, is our healthcare system is now less accessible,” Dr. Rubinstein explained.When we asked how the problem is addressed during a pandemic, Dr. Rubinstein said, “there is no one answer because addiction requires customization based on the provider and the patient deciding what is most effective.”As for Ashlynn, she wants people to know there's hope. And a way out. “I don’t regret what I went through, though, because it brought me to where I am today. I’m a different person than I was before I started using,” she said.It's never too early and never too late to start the road to recovery, Ashlynn says. For those who are ready to take the first step towards a new life, doctors recommend visiting www.samhsa.org and rethinkopioidaddiction.com 3400
The National Hockey League and players have reached a tentative deal to hold a 56-game season in 2021. The season would start Jan. 13. Deputy Commissioner Bill Daly confirmed the sides agreed, pending the approval of various executive boards. The NHL Players' Association's board is meeting Friday night to discuss, while the league's Board of Governors could vote on the plan soon. Approval from Canadian health officials is still needed before the NHL can go ahead with the season. Training camps for the seven non-playoff games would open Dec. 31 and then Jan. 3 for the other 24 teams."The biggest challenge is making sure that our players and supporting personnel are safe and healthy and making sure that we're not doing anything that puts the communities in which we're playing at risk either in terms of spreading COVID or taking medical resources, whether it's testing or vaccinations," Commissioner Gary Bettman said."We understand what is vitally important to each community and to the health and welfare of each community, and we don't want to do anything that would interfere with that. But everything that we're doing and working on with the Players' Association starts with keeping the players and the communities in which we play safe and healthy." 1272
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