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TAX BLOG

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...

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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...

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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...

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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...

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Home Office Deduction

I hope you and your families are doing well and staying safe & healthy! One of the deductions that was eliminated with the Tax Cuts and Jobs Act of 2017 was the home office deduction. Prior to TCJA, employees could deduct from their income a portion of expenses...

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CARES Act

Fast on the heels of passing the Families First Coronavirus Response Act (a law which ensures paid sick leave and unemployment benefits for employees affected by the COVID-19 pandemic along with payroll tax credits for affected employers), Congress passed and the...

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