In recent months, there have been a number of tax changes that may affect your individual tax bill. Many of these changes were enacted to help mitigate the financial damage caused by COVID-19.
In recent months, there have been a number of tax changes that may affect your individual tax bill. Many of these changes were enacted to help mitigate the financial damage caused by COVID-19.
The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. Learn more in our recent article.
On Thursday, March 11, 2021, President Biden signed into law the American Rescue Plan Act. The Act includes a new round of economic stimulus payments and several tax-related provisions for individuals. This article provides an overview of the individual povisions that were included in the Act.
What should you do if you received a Form 1099-G from your state for unemployment benefits you did not receive?
Congress has passed new stimulus relief legislation which contains multiple provisions to help taxpayers, including individuals and businesses. The President signed this legislation yesterday after almost a week of uncertainty about whether he would or would not sign it. After review and analysis of the new legislation, this article highlights what we believe will be of most interest.
Heading into June, many of us are excited about warmer weather and our economy opening back up. For the majority of us, it is not the time of year that we are typically concerned with taxes.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains a variety of relief, notably the “economic impact payments” that will be made to people under a certain income threshold. But the law also makes some changes to retirement plan rules and provides a new tax break for some people who contribute to charity
In the wake of the Coronavirus Aid, Relief, and Economic Security (CARES) Act being signed into law, Governor Whitmer signed an agreement between Michigan and the U.S. Dept. of Labor to implement Pandemic Unemployment Assistance and Compensation programs. This article includes details on the agreement and the new unemployment filing schedule.
President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law on Friday, March 27, 2020. The purpose of the CARES Act is to provide relief for individuals and businesses who have been negatively impacted by the COVID-19 pandemic.
On Friday, March 20th, Treasury Secretary Steven Mnuchin announced that the federal tax filing deadline would be moved from April 15th to July 15th.