by Anne Angera | May 7, 2021 | Resources For Individual Taxpayers
President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact sheet released by the White House. The “American Families Plan” contains tax breaks for low- and middle-income taxpayers and tax increases on...
by Anne Angera | Apr 3, 2021 | Resources For Employers, Resources For Individual Taxpayers
During the COVID-19 pandemic, many employees and their families have lost group health plan coverage because of layoffs or reduced hours. If your business has had to take such steps, and it’s required to offer continuing health care coverage under the Consolidated...
by Anne Angera | Mar 25, 2021 | Resources For Individual Taxpayers, Tax Filing Deadlines
The IRS has announced that the federal income tax filing deadline for individuals filing Form 1040 for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. The IRS extended the deadline to provide relief to taxpayers facing challenges as a...
by Anne Angera | Mar 11, 2021 | Resources For Employers, Resources For Individual Taxpayers
Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic that has haunted the country for the last year. President Biden is expected to sign the 628-page American Rescue Plan Act (ARPA), which includes $1.9...
by Anne Angera | Mar 10, 2021 | Resources For Individual Taxpayers
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. However, it’s a good idea to acquaint yourself with tax amounts that may have changed for 2021. Below are some Q&As about tax amounts for this year....
by Anne Angera | Mar 10, 2021 | Resources For Individual Taxpayers, Uncategorized
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2020 income tax...
