2022 – 02/09 The IRS is urging individuals to file a 2021 federal income tax return to take advantage of key tax benefits included in the American Rescue Plan Act (ARPA) and other legislation. In fact, individuals may be eligible for these expanded tax benefits even if they have little or no income from a job, business or other source. The IRS has posted an online fact sheet that explains several of the ARPA’s tax benefits, including the Child Tax Credit, Earned Income Tax Credit, Recovery Rebate Credit and deductions for charitable gifts. Read the fact sheet here: We can help you determine which ARPA benefits you’re eligible for and prepare your 2021 tax return.
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The Economy and the War in Ukraine
2022 – 04/11 U.S. Treasury Secretary Janet Yellen recently warned lawmakers that the global economy can expect “enormous repercussions” from the war in Ukraine. In testimony before a congressional committee, Yellen explained that spillover from the war is heightening economic vulnerabilities in many countries already facing higher debt burdens and limited policy options as they…
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Economic Injury Disaster Loan
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Affordable Care Act Update
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