Big Increase in Child Tax Credit For 2021
An increased child tax credit is part of the March 2021 American Rescue Plan Act stimulus package. Even though the benefit of a tax credit traditionally isn’t available until after...
18 March, 2021
COVID-19 Pandemic Tag
Are Your Unemployment Benefits Taxable?
Unemployment Benefits We've seen numerous changes to unemployment benefits throughout 2020 and 2021. Now, President Biden’s American Rescue Plan that Congress enacted in March of 2021 has extended the additional $300...
18 March, 2021
Another Round of Stimulus Payments Approved by Congress
Article Highlights: • Economic Impact Payments • High-Income Taxpayer Phaseout • Reconciliation • Dependents • Decedents • Social Security Number Requirements • Non-Filers and IRS Information Site • Should I file my tax return now or later The American...
11 March, 2021
How to Calculate and Claim ERC
The Employee Retention Credit (ERC) was introduced in March 2020 as part of the CARES Act. The ERC is a refundable payroll tax credit against employee wages designed to make...
11 March, 2021
IRS CP59 Notices
Authored by the IRS | February 18, 2021 Earlier this month, the IRS issued notices to approximately 260,000 taxpayers stating they haven’t filed their 2019 federal tax return. These notices, referred...
01 March, 2021
Third Stimulus Check: Should I File My Tax Return Now or Later?
Will I qualify for a third stimulus check? Should I file my tax return now or later? We recommend you provide your information to us as soon as possible. We...
23 February, 2021
Self-Employed: COVID-19 Tax Credits
Self-employed individuals may be entitled to tax credits related to COVID-19. A self-employed individual who regularly carries on a trade or business, and would have been eligible for qualified sick leave...
03 February, 2021
2020 COVID Relief Affecting Individual Taxpayers
Tax Season is here. Before you gather and submit your 2020 tax information, here are a few things you need to know. Below is an overview of key provisions in...
26 January, 2021