August 6, 2019
The 2017 Equifax data breach was the largest in history…with 147 million Americans affected. If you were one of them, you may be entitled to compensation.
The Federal Trade Commission ruled Monday, July 29, that Equifax will have to pay up to $700 million in individual compensation and civil penalties because of the hack.
According to the commission's online claims process, those whose personal information was exposed can opt for 10 years of free credit monitoring, which breaks down as follows: Four years via the three major credit bureaus (Equifax, Experian and TransUnion) and six years specifically through Equifax.
However, if you already have credit monitoring, you can choose to receive $125. For those who had to spend time and money as a result of the breach, Equifax can provide larger sums—up to $20,000. Losses can include unauthorized charges on your accounts, attorney or accountant fees, the cost of freezing or unfreezing your credit report, or the cost of credit monitoring.
You can file a claim through Equifax's data breach settlement page. Equifax has a website where you can quickly check if your personal information was exposed.
The deadline to file a claim is January 22, 2020 (this is the last day to file online and the postmark deadline for mailed claims).
If your business sponsors a 401(k) plan, you might someday consider adding designated Roth contributions. Here are some factors to explore when deciding whether such a feature would make sense for your company and its employees.
During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might be able to claim deductions for home office expenses against your business income. There are two methods for claiming this tax break: the actual expenses method and the simplified method.
Blah. It’s February. The depths of winter. Gloomy days relieved only by the darkness of night. A month made for curling up under the blankets and staying in bed. Sound familiar?