by Dave Hooper | Apr 4, 2021 | Individuals, Tax Preparation
Great News, Child Care Tax Credit Expanded for 2021 Article Highlights: American Rescue Plan Expanded One-Year-Only Change Refundability Child Care Expenses Credit Percentage Maximum Credit Credit Phaseout Employer-Provided Dependent Care Assistance Great news if you...
by Dave Hooper | Apr 3, 2021 | Individuals, Tax Preparation
Big Increase in Child Tax Credit For 2021 Article Highlights: Additional Credit Amounts Refundability High-Income Phaseout Advance Payments Reconciliation of Advance Payments with Credit Child’s Death Online Portal An increased child tax credit is part of President...
by Dave Hooper | Apr 2, 2021 | Individuals, Resource, Tax Preparation
Are Your Unemployment Benefits Taxable? Article Highlights: CARES and COVID Tax Relief Acts Unemployment Benefits American Rescue Plan Tax-Exempt Portion of Unemployment Bogus Forms 1099-G Kiddie Tax and Unemployment States’ Taxation of Unemployment With the passage...
by Dave Hooper | Mar 30, 2021 | Individuals, Tax Preparation
Working from Home? Is there a Tax Deduction? Article Highlights: COVID Work from Home Requirements Employee Versus Self-employed Qualifications Actual Expense Method Simplified Method Home Office Expenses for Renters vs. Homeowners How Moving Affects the Home-Office...
by Dave Hooper | Mar 29, 2021 | Individuals, Tax Preparation
Understanding Tax-Filing Status Article Highlights: Single Married Filing Jointly Surviving Spouse Married to a Nonresident Alien Head of Household Married Filing Separate Filing status is determined on the last day of the year and most often is based on marital...
by Dave Hooper | Mar 28, 2021 | Individuals, Resource
Special Rules Apply to 2020 EITC and Child Credit Article Highlights: Employment (Earned) Income Earned Income Tax Credit (EITC) Child Tax Credit (CTC) 2019 or 2020 Earned Income Credit Qualifications Because of the pandemic, many individuals have seen their...
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