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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 National Basketball Association is reportedly targeting to start the 2020-21 season sometime in December, according to the Associated Press and ESPN.The Associated Press reported that the league is eyeing to start the new season back up on Dec. 22 and teams playing 70 games.According to ESPN, the board of governors met Friday and discussed potentially starting the upcoming season on Christmas Day to take advantage of that "historically prime NBA showcase" and play fewer than 82 games.If the NBA does decide to begin playing near the end of December, that means training camps would start near the end of November, the AP reported.The 2019-20 season ended on Oct. 11 when the Los Angeles Lakers defeated the Miami Heat for the NBA Championship. And was last season was one for the ages: the season was suspended back in March after a Utah Jazz player tested positive for the virus before playing the Oklahoma City Thunder. The season resumed in July in a bubble-like atmosphere at ESPN's Wide World of Sports. Players boycotted in the middle of the playoffs in Florida, and games were postponed, which led to other leagues around the sports world to boycott games in the wake of a police shooting in Wisconsin.The league officially announced Thursday that its upcoming draft would be virtual this year due to the coronavirus pandemic.The league will conduct the draft at ESPN's headquarters in Bristol, Connecticut, on Nov. 18.NBA Commissioner Adam Silver and Deputy Commissioner Mark Tatum will announce the selections live. 1541

The National Institutes of Health is reportedly planning to conduct a clinical study to determine why people are having severe allergic reactions to Pfizer's COVID-19 vaccine.According to the Washington Post, during a press briefing on Monday, Moncef Slaoui, the chief science adviser for Operation Warp Speed, said they are seeking volunteers who've had allergic reactions to the vaccine, so doctors can identify why a rare event known as anaphylaxis is happening.The NIH also plans to study the Moderna vaccine as well, Bloomberg reported.Last week, health authorities in the U.K. said they were investigating after two people had "adverse reactions" to the Pfizer vaccine on the first day of the country's mass vaccination program.In the U.S., two healthcare workers in Alaska reported having an allergic reaction, and on Friday, the FDA announced five people also had an "adverse reaction" to the vaccine. 917
The NFL announced Monday evening that it has officially canceled its entire preseason schedule as the league prepares for the start of training camp.The announcement comes after the league and players reached an agreement late last week on health and safety procedures amid the COVID-19 pandemic. Among them, players have the ability to opt out of the upcoming season due to coronavirus concerns.Unlike the NBA, MLS and NHL, the NFL currently plans on games in home venues.As the aforementioned leagues have kept players in so-called “bubbles,” the MLB has been holding games in home stadiums. But on Monday, several MLB contests were called off after an outbreak of COVID-19 cases were reported among Miami Marlins players. It’s unclear how many games will be forced to be suspended, but guidelines call for those who come in close contact with confirmed COVID-19 patients to quarantine for 14 days. MLB has not said if the rest of the Marlins roster will be forced to sit out for two weeks.“In the months since the COVID-19 pandemic turned the world upside down, we have navigated the time carefully, thoughtfully and in partnership with the NFL Players Association with a shared goal of playing a healthy and complete 2020 season,” NFL commissioner Roger Goodell said in a statement. “This process has not been easy -- COVID-19 will continue to present a major challenge to nearly every area of American life. Football is no exception.”The preseason generally consists of four games per team, which span through the month of August. While the games are largely unimportant for teams as a whole, they serve as a proving ground for players fighting for roster spots.. 1676
The jury in the trial of James Alex Fields has reached a verdict. Fields was found guilty of first-degree murder in the death of Heather Heyer, eight counts of malicious wounding and one count of failing to stop at an accident involving a death. Fields faces a maximum sentence of life in prison.The commonwealth argued that Fields intended to harm the counterprotesters. The defense says he was in a state of panic and acted in self-defense.The panel of seven women and five men, which includes one black man and 11 white people, was sent home Thursday night after attorneys made their cases. The jury began deliberations Friday morning, and concluded in the afternoon. 689
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