Tax Tip of the Day: Tax Year 2021 may yet bring some surprises, but some tax law changes were already planned and may impact your refund. Here’s what you should know. Planning your finances provides ...
Stay informed of important changes to tax laws that could affect you as you prepare to file your 2021 return. The tax year 2021 filing season is here and in the wake of the pandemic, there are ...
The IRS on Monday issued adjusted amounts for the child tax credit, the earned income tax credit (EITC), and the premium tax credit (PTC) for 2021, to reflect changes enacted in the American Rescue ...
At a two-day year end tax update last week, the instructor spent more than half our time on new developments. The 700-page, bound workbook was printed months ago, so the speaker had to develop dozens ...
The IRS estimates that more than 1.1 million taxpayers might have qualified for a refund but did not file a federal income tax return to claim it. The IRS may have your money. The tax agency says that ...
Tax season is full of questions concerning your wages, your claims, your filing status and how to report pandemic-related stimulus and unemployment payments on your returns. But even after those are ...
Congress has expanded the child tax credit twice since 2017, and these expansions have put needed dollars in the pockets of many parents. However, prepayments of the credits during 2021 will also ...
As tax season 2021 dawned, CPA tax preparers and their clients were already adept at managing COVID-19-related constraints from the previous year, and by the end of this year’s season (postponed to ...
LOS ANGELES, CALIFORNIA - NOVEMBER 25: New dads Jesse Tyler Ferguson and Justin Mikita kept a Thanksgiving tradition alive by delivering meals to Project Angel Food clients who are battling ...
The federal estate- and gift-tax exemption applies to the total of an individual’s taxable gifts made during life and assets left at death. Under current law, investment assets held at death aren’t ...
More than 145 countries agreed on Monday to amend a 2021 global minimum corporate tax agreement, addressing Washington's ...