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This tax pitfall could affect millions due to Covid. Here’s what you need to know

Finance
ljubaphotoThe 2020 tax season is officially underway, and the millions of Americans who collected unemployment benefits last year due to the coronavirus pandemic may be in for a surprise.That unemployment income is taxable, and if you didn't have money set aside or withheld for those taxes, it could reduce your refund or even lead to a bill.This might be particularly unexpected for independent contractors and self-employed people who normally aren't eligible for state benefits but may have received Pandemic Unemployment Assistance through the CARES Act."There are going to be a lot of people this year that have unemployment insurance and they do not normally receive unemployment insurance benefits," said Elaine Maag, a principal research associate at the Urban-Brookings Tax Policy Center. "...
How will ‘chipageddon’ affect you?

How will ‘chipageddon’ affect you?

Technology
Getty ImagesFor the most part they go unseen but computer chips are at the heart of all the digital products that surround us - and when supplies run short, it can halt manufacturing.There was a hint of the problem last year when gamers struggled to buy new graphics cards, Apple had to stagger the release of its iPhones, and the latest Xbox and PlayStation consoles came nowhere close to meeting demand.Then, just before Christmas, it emerged the resurgent car industry was facing what one insider called "chipageddon".New cars often include more than 100 microprocessors - and manufacturers were quite simply unable to source them all. Since then, one technology company after another has warned they too face constraints.Samsung is struggling to fulfil orders for the memory chips it makes for it...
Many COVID-19 hot spots affect areas around state borders, experts say

Many COVID-19 hot spots affect areas around state borders, experts say

Health
July 8 (UPI) -- Many current COVID-19 hotspots across the country are in areas along state borders because different governments have taken different approaches to contain spread of the new coronavirus, the experts behind the U.S. COVID Atlas said Wednesday. This includes regions in Arkansas and Tennessee, as well as Louisiana and Mississippi, which are effectively separated by the Mississippi River, they said. Advertisement Parts of southern Arizona and California have also been similarly impacted, according to the researchers. "With a patchwork of policies across the country, it's not surprising to see hot spots along state borders," Marynia Kolak, a member of the team that developed the atlas, said during a conference call with reporters Wednesday that was hosted by the Robert Wood Joh...
What is a global health emergency and how could it affect you?

What is a global health emergency and how could it affect you?

World
The World Health Organisation (WHO) has declared the coronavirus outbreak a global public health emergency after the deaths of 170 people in China and the spread of the disease across the globe.The decision came in the WHO's third meeting to discuss the crisis, after it previously declined to take such a step. What is a global health emergency?Officially called a Public Health Emergency of International Concern (PHEIC), it is defined as "an extraordinary event" that poses a public health risk through the international spread of disease which could require an international response. Image: A worker in a protective suit disinfects the Dongxinzhuang village in Shandong province It suggests a situation that is "serious, sudden, unusual or...
Disney, Charter talks could affect price of cable in the streaming era

Disney, Charter talks could affect price of cable in the streaming era

Finance
The Walt Disney Company CEO, Robert Iger arrives for the World premiere of Marvel Studios' 'Avengers: Endgame' at the Los Angeles Convention Center on April 22, 2019 in Los Angeles.VALERIE MACON | AFP | Getty ImagesDisney is set to renew its multiyear carriage agreement with Charter, the second-largest U.S. pay TV provider, at the beginning of August, according to people familiar with the matter.So far, there are no signs the two sides will have a testy public renegotiation. That is par for the course for Disney, which usually hammers out a deal without fanfare. After all, pay-TV providers have never had the stomach to black out ESPN, Disney's most valuable cable channel and by far the most expensive network in the pay-TV bundle.But this particular Disney deal has widespread implications f...