Everything There is to Know About the New Child Tax Credit

🖨 Print⏱ 3 min readShare by The Child Tax Credit as we know it originated during the Clinton administration, but the recently enacted American Rescue Plan created a new version. The updated version of this tax credit could have a … Continue reading →

🖨 Print⏱ 3 min readShare by The recently passed American Rescue Plan (ARP) Act of 2021 includes a provision making nearly all student loan forgiveness tax-free, at least temporarily. Before the ARP, student loan forgiveness was tax-free only under special … Continue reading →

🖨 Print⏱ 3 min readShare by Good tax professionals ask the right questions to ensure they understand your situation and can help you to the best extent the law allows. Given the host of pandemic-related tax changes for 2020, it’s … Continue reading →

🖨 Print⏱ 5 min readShare by In late December, Congress passed the Consolidated Appropriations Act, which in addition to providing COVID-19 relief provisions also included many tax provisions and extenders. The Act contained many COVID-related tax provisions, as well as … Continue reading →

🖨 Print⏱ 4 min readShare by While excise or vice taxes have long been a part of the American tax landscape related to alcohol and cigarettes, the recent invention of vaping and legalization of marijuana and other substances is changing … Continue reading →

🖨 Print⏱ 3 min readShare by The Social Security Administration recently announced 2021 increases to both benefits and the taxable wage base for FICA taxes. Increases Announced for 2021 Workers are facing a 3.7 percent increase in the taxable wage base … Continue reading →