This article was published by the IRS. Many businesses affected by COVID-19 qualify for tax relief though credits or deferrals. Here's a breakdown of which employers qualify for these new tax credits and the deferral of employment tax deposits and payments through December 31, 2020. Credits for paid sick and family leave Businesses and tax-exempt organizations [...]
The following article was published by the IRS. Are you recently married, or planning to get married before the end of this year? Marriage is a life event that will also affect your federal taxes. Here's how: Getting married means selecting a different status when filing your taxes. Why? Because if you're married as of December [...]
This article was published by the IRS. The Internal Revenue Service continues to look for ways to help people who were unable to provide their information in time to receive Economic Impact Payments for their children. As part of that effort, the Internal Revenue Service is reopening the registration period for federal beneficiaries who didn't receive [...]
Purchasing a home is likely the largest purchase you will ever make. Even though the vast majority of buyers will finance a significant portion of their home, saving up for a down payment is still extremely important. Here are some ways to free up some money to save for this purpose: Set a budget. If you [...]
This article was published by the IRS. Childcare or adult dependent care can be a major expense. Fortunately, the child and dependent care credit can provide some relief. Taxpayers who pay for daycare expenses may be eligible to claim up to 35% of what they spend; limits apply. For the purposes of this credit, the IRS [...]
