income

April 16, 2021 | Maryam Shahzad

Leaders Announce Additional COVID-19 Rent Relief, Urge Residents to Help Others

Montgomery County Executive Marc Elrich and other county leaders held a press conference Friday to announce additional rent relief for eligible residents. Phase 3 of the county’s COVID-19 rent relief program is open for applications, with $59 million in federal funding available to help low-income households that have lost income due to the pandemic. Tenants […]

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January 11, 2021 | Maryam Shahzad

Hogan Proposes Direct Stimulus Payments as Part of New $1 Billion Relief Package

Gov. Larry Hogan introduced a $1 billion stimulus and tax relief package Monday that includes direct stimulus payments to qualifying Marylanders. The Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and Families (RELIEF) Act must be passed by the state legislature before it can take effect. The 2021 legislative session begins Wednesday, and Hogan said he […]

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April 15, 2020 | Josalyn Perez

Public Health Emergency Grant Applications Accepted Beginning Wednesday

Montgomery County will begin accepting Public Health Emergency Grant (PHEG) applications Wednesday afternoon. The PHEG program is designed to help for-profit and nonprofit businesses with 100 employees or fewer during the current pandemic. Businesses with no employees including sole proprietors and independent contractors may also benefit from the program. A sample of the application is […]

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February 15, 2019 | Deirdre Byrne

Bloomberg’s Wealthiest Towns List Includes Potomac, Travilah

Bloomberg News published its annual list ranking the wealthiest towns in the U.S. Wednesday. Both Potomac and Travilah rank on the list. Travilah, a census-designated place in Montgomery County, earned the 24th spot on the list (last year Travilah ranked 25th on the list). According to Bloomberg, the average household income in Travilah is $284,682. […]

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June 16, 2016 | Mark Avallone, MBA, CFP®, CRPS®, AIF®

Near Retirees, Look Beyond the Markets to Secure Your Legacy

During these uncertain times, it’s easy to get caught up in the market volatility news coverage. While we know that we should look beyond the markets, it can be hard to imagine an alternative. Near retirees, your alternative is to look inward and assess not only your current financial status but also your future financial […]

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May 30, 2016 | Mark Avallone, MBA, CFP®, CRPS®, AIF®

Quelling April Aftershocks, Tax Efficient Investing For Gen X

Do April showers bring May flowers or does the April tax filing date bring us face-to-face with our non-flowery tax realities? According to Bloomberg, the average federal income tax rate in 2015 was over 10 percent, but for a family earning over $100,000 that rate can quickly climb. After adding the average 9.5 percent paid […]

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May 5, 2016 | Juanita Farmer, CPA

What Income is Taxable?

Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there’s more to it than that. Taxable income includes any money you receive, […]

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December 8, 2015 | Staff Writer

Child Playing

Council Receives OLO Report on Child Care

The Montgomery County Council today received a report from the Office of Legislative Oversight (OLO) that responds to the Council’s request for an analysis of the need for, and availability of, child care and child care subsidies in Montgomery County. The report, entitled “Child Care in Montgomery County,” also reviews initiatives in other jurisdictions aimed […]

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