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Recovery Rebate Credit

Tax season begins in earnest when the Internal Revenue Service begins processing individual returns on February 12. It will now be up to the taxpayers to report the various tax breaks brought on by coronavirus relief laws passed by Congress in 2020. The most impactful...

Consolidated Appropriations Act

Happy New Year!  I hope you and your families are doing well and staying safe & healthy! Just before the end of 2020, Congress passed and the President signed into law the Consolidated Appropriations Act of 2021 (CAA).  The purpose of this bill is to provide more...

Season of Giving

We are reaching the end of 2020 and what a year it has been! The coronavirus pandemic has altered life for everyone and continues to impact us as we look forward to the new year. As you can imagine, many experts are predicting that charitable donations will be down in...

Joe Biden’s Tax Plans

I hope you and your families are doing well and staying safe & healthy! As a result of Joe Biden’s victory in the presidential election, you may be wondering how this will change tax laws going forward. Below is a listing of some of the major tax changes that may...