fbpx
Adjust to Pandemic Rule Rollbacks

Adjust to Pandemic Rule Rollbacks

It’s hard to believe a little over a year ago the COVID 19 pandemic hit everyone. As things slowly turn back to normal, you need to be ready for the normalizing of the tax rules and adjusting to new ones. Here is how you can be prepared. Required minimum...
Hot Housing Market Requires Tax Knowledge

Hot Housing Market Requires Tax Knowledge

With housing prices skyrocketing, more homeowners are considering cashing out to multiples over list price! Especially since one of the largest tax breaks available to most individuals is the ability to exclude up to $250,000 ($500,000 married) in capital gains on the...
Navigating the New 2021 Child Tax Credit

Navigating the New 2021 Child Tax Credit

The whirlwind of tax changes just keeps going. Now if you have children 17 or under there is a new, higher child tax credit in place for 2021. Here is what you need to know: Age matters. The old credit was for children under the age of 17. The new credit goes through...
Businesses Get More Time to Apply For PPP Loans

Businesses Get More Time to Apply For PPP Loans

Here’s what you need to know about the Paycheck Protection Program (PPP) loans and other business relief provisions of the recently-passed American Rescue Plan Act. PPP loan application deadline extended. The deadline to apply for PPP loans is now May 31, 2021....
New Tax Breaks Benefit Millions

New Tax Breaks Benefit Millions

The recently-passed American Rescue Plan Act contains several tax breaks for you and your family. Here are the major provisions of the bill that could mean more money in your pocket during the 2021 tax year. Child tax credit (CTC) The CTC for 2021 increases from...
ALERT! Late Tax Legislation Creating Havoc

ALERT! Late Tax Legislation Creating Havoc

Individual tax return deadline moved to May 17 Congress’ recent move to retroactively make a portion of 2020 unemployment income tax-free is creating havoc during this year’s tax filing season. Here is what you need to know. Background Unemployment...