The Daily Money:How to avoid COVID-19 tax woes

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The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Monday, May 11 Welcome to Monday, everyone. We hope you had a restful weekend. Here's our must-read financial news to help you get up to speed if you unplugged Saturday and Sunday. (No judgment!) Let's start with taxes: Stimulus payments, relaxed rules for tapping into retirement accounts, and other relief measures are helping to keep millions of Americans afloat financially. But they could bring tax surprises down the road. Here are some tax red flags to be aware of.   The thought of a virtual summer is turning parents into unhappy campers. After months of supervising online schooling while juggling their own jobs, parents are now confronting the possibility of having to keep their children engaged online this summer if they can't send their kids to physical camps. Want more money and tech news, keep scrolling down. David Brinkerhoff, Deputy Money Editor How to avoid tax woes from Coronavirus relief From unemployment benefits to stimulus checks to withdrawals from retirement accounts, coronavirus relief measures could hit your taxes next year. Parents are unhappy campers amid an uncertain summer Tips on making ends meet while waiting for unemployment Viral star 'double rainbow guy' dies at 57 How black bookstores are fighting to survive COVID-19 Are you drinking more? You're not alone The market is better than economy now. But why? Will conferences remain virtual after COVID-19? How Walter Reuther changed the union and the world Used car prices plunge, but deals may not last   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102